Kovitz Investment Group Partners LLC Has $5.44 Million Holdings in Kimco Realty Corporation $KIM

Key Points

• Kovitz Investment Group Partners LLC significantly increased its stake in Kimco Realty Corporation by purchasing an additional 198,104 shares, raising its total ownership to 256,191 shares valued at approximately $5.44 million.
• Kimco Realty reported a quarterly earnings per share (EPS) of $0.44, surpassing analysts' estimates of $0.43, while total revenue for the quarter reached $525.18 million.
• A quarterly dividend of $0.25 per share has been declared, reflecting an annualized yield of 4.7%, with a dividend payout ratio currently at 120.48%.

Kovitz Investment Group Partners LLC boosted its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 341.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 256,191 shares of the real estate investment trust's stock after acquiring an additional 198,104 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Kimco Realty were worth $5,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its position in shares of Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 911 shares in the last quarter. WASHINGTON TRUST Co bought a new position in Kimco Realty in the 1st quarter worth approximately $34,000. GKV Capital Management Co. Inc. acquired a new position in Kimco Realty during the 1st quarter worth $38,000. Olde Wealth Management LLC bought a new position in Kimco Realty in the 1st quarter valued at $41,000. Finally, Sentry Investment Management LLC bought a new position in Kimco Realty in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Raymond James Financial decreased their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Mizuho increased their price target on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday. Barclays started coverage on Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price objective on the stock. Finally, Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.63.

Kimco Realty Stock Down 0.4%

NYSE:KIM traded down $0.0910 during trading hours on Thursday, reaching $21.5390. 962,164 shares of the stock were exchanged, compared to its average volume of 4,805,500. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The firm has a 50 day moving average of $21.31 and a 200 day moving average of $21.12. The stock has a market cap of $14.59 billion, a PE ratio of 25.98, a PEG ratio of 1.58 and a beta of 1.31.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. During the same period last year, the company earned $0.41 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 5th. Kimco Realty's dividend payout ratio is currently 120.48%.

Kimco Realty Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.