OMERS ADMINISTRATION Corp Grows Stock Holdings in Kimco Realty Corporation $KIM

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Kimco Realty by 25.8% during the first quarter, owning 107,681 shares valued at approximately $2.29 million.
• Kimco Realty recently reported an earnings per share (EPS) of $0.44, exceeding estimates by $0.01, with revenues reaching $525.18 million, reflecting a 5.0% increase from the previous year.
• The company announced a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 4.4%, despite a high dividend payout ratio of 120.48%.

OMERS ADMINISTRATION Corp lifted its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,681 shares of the real estate investment trust's stock after purchasing an additional 22,087 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Kimco Realty were worth $2,287,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KIM. Invesco Ltd. increased its holdings in shares of Kimco Realty by 14.7% in the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock worth $423,441,000 after purchasing an additional 2,552,276 shares during the period. Deutsche Bank AG grew its position in Kimco Realty by 94.7% in the fourth quarter. Deutsche Bank AG now owns 4,177,662 shares of the real estate investment trust's stock worth $97,883,000 after acquiring an additional 2,031,722 shares in the last quarter. Resolution Capital Ltd grew its position in Kimco Realty by 13.7% in the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock worth $388,442,000 after acquiring an additional 1,992,550 shares in the last quarter. Kettle Hill Capital Management LLC grew its position in Kimco Realty by 180.9% in the fourth quarter. Kettle Hill Capital Management LLC now owns 1,409,811 shares of the real estate investment trust's stock worth $33,032,000 after acquiring an additional 907,929 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its position in Kimco Realty by 8.9% in the first quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust's stock worth $191,170,000 after acquiring an additional 733,514 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Up 1.0%

Shares of NYSE KIM traded up $0.22 on Thursday, reaching $22.70. 1,630,090 shares of the company's stock traded hands, compared to its average volume of 4,737,236. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The business's 50 day simple moving average is $21.57 and its two-hundred day simple moving average is $21.11. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share 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 business had revenue of $525.18 million during the quarter, compared to the consensus estimate of $524.75 million. During the same quarter last year, the firm earned $0.41 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, equities research analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty's payout ratio is 120.48%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KIM shares. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler dropped their target price on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Mizuho increased their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, Barclays increased their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and a consensus price target of $24.75.

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.