MBB Public Markets I LLC Takes $323,000 Position in Kimco Realty Corporation $KIM

Key Points

• MBB Public Markets I LLC has acquired 15,218 shares of Kimco Realty Corporation, valued at approximately $323,000, indicating institutional interest in the company.
• Several research firms have raised their price targets for Kimco Realty, with Barclays increasing its target to $26, reflecting a positive outlook on the stock.
• The company recently announced a quarterly dividend of $0.25 per share, offering an annualized yield of 4.4%, although its dividend payout ratio stands at 120.48%.

MBB Public Markets I LLC acquired a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,218 shares of the real estate investment trust's stock, valued at approximately $323,000.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC acquired a new stake in Kimco Realty during the first quarter worth about $29,000. Golden State Wealth Management LLC grew its holdings in 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 acquiring an additional 911 shares during the period. Keystone Global Partners LLC acquired a new stake in Kimco Realty during the first quarter worth about $30,000. WASHINGTON TRUST Co acquired a new stake in Kimco Realty during the first quarter worth about $34,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Kimco Realty during the first quarter worth about $38,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI raised their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 8th. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a report on Tuesday, September 9th. They set a "buy" rating and a $27.00 target price on the stock. Mizuho raised their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, Piper Sandler dropped their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.85.

Kimco Realty Price Performance

KIM stock traded down $0.06 during mid-day trading on Friday, reaching $22.41. 3,489,630 shares of the company's stock were exchanged, compared to its average volume of 3,356,062. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The stock's 50 day moving average is $21.74 and its 200 day moving average is $21.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83.

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

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, September 5th. Kimco Realty's dividend payout ratio (DPR) is 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.