Kimco Realty Corporation $KIM Shares Acquired by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in Kimco Realty Corporation by 68.5%, owning a total of 169,279 shares valued at approximately $3.6 million as of the end of the most recent quarter.
• Kimco Realty announced a quarterly dividend of $0.25 per share, scheduled for payment on September 19th, with a resulting annualized yield of 4.4%.
• Kimco Realty's stock performance has seen a one-year low of $17.93 and a one-year high of $25.83, with analysts giving it a consensus price target of $24.75.

Nomura Holdings Inc. raised its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 68.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,279 shares of the real estate investment trust's stock after acquiring an additional 68,806 shares during the quarter. Nomura Holdings Inc.'s holdings in Kimco Realty were worth $3,595,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp grew its holdings in Kimco Realty by 3.7% during the 4th quarter. Stifel Financial Corp now owns 74,776 shares of the real estate investment trust's stock valued at $1,752,000 after buying an additional 2,659 shares in the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Kimco Realty during the 4th quarter worth approximately $546,000. Lido Advisors LLC bought a new stake in shares of Kimco Realty during the 4th quarter worth approximately $391,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Kimco Realty by 248.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 93,802 shares of the real estate investment trust's stock valued at $2,198,000 after acquiring an additional 66,918 shares during the period. Finally, AXA S.A. increased its holdings in shares of Kimco Realty by 3.0% in the 4th quarter. AXA S.A. now owns 886,340 shares of the real estate investment trust's stock valued at $20,767,000 after acquiring an additional 25,411 shares during the period. Institutional investors own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KIM. 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 research note on Monday, August 4th. Mizuho boosted their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Barclays boosted their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.75.

Kimco Realty Stock Performance

Kimco Realty stock traded down $0.04 during trading hours on Friday, hitting $22.76. 3,581,800 shares of the stock traded hands, compared to its average volume of 3,267,493. 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's 50 day moving average price is $21.64 and its 200-day moving average price is $21.13. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.65 and a beta of 1.32. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business 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%.The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, equities analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, September 5th. Kimco Realty's payout ratio is presently 120.48%.

About Kimco Realty

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.