Robeco Institutional Asset Management B.V. Has $20.74 Million Holdings in Kimco Realty Corporation $KIM

Key Points

• Robeco Institutional Asset Management B.V. has increased its holdings in Kimco Realty Corporation by 11.0%, owning 986,548 shares valued at approximately $20.74 million after acquiring additional shares during the 2nd quarter.
• Several large investors, including Invesco and Amundi, have also expanded their stakes in Kimco Realty, highlighting significant interest among institutional investors who collectively own 89.25% of the company's stock.
• Kimco Realty recently announced a quarterly dividend of $0.25 per share, representing a 4.7% dividend yield, with a payout ratio of 120.48% as analysts project continued growth in earnings.

Robeco Institutional Asset Management B.V. raised its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 986,548 shares of the real estate investment trust's stock after buying an additional 98,064 shares during the period. Robeco Institutional Asset Management B.V. owned 0.15% of Kimco Realty worth $20,737,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KIM. Invesco Ltd. raised its stake in shares of Kimco Realty by 14.7% in the 1st quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock valued at $423,441,000 after acquiring an additional 2,552,276 shares in the last quarter. Northern Trust Corp grew its holdings in Kimco Realty by 2.8% during the first quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust's stock valued at $224,949,000 after purchasing an additional 285,824 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kimco Realty by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust's stock valued at $206,427,000 after purchasing an additional 137,249 shares during the last quarter. Amundi raised its position in shares of Kimco Realty by 54.2% in the first quarter. Amundi now owns 9,252,421 shares of the real estate investment trust's stock valued at $186,646,000 after purchasing an additional 3,253,031 shares during the period. Finally, Centersquare Investment Management LLC lifted its stake in shares of 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 buying an additional 733,514 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

Insider Transactions at Kimco Realty

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the firm's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the transaction, the director owned 40,260 shares in the company, valued at $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by company insiders.

Kimco Realty Stock Up 0.5%

NYSE KIM opened at $21.48 on Friday. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The stock has a market cap of $14.54 billion, a PE ratio of 25.87, a PEG ratio of 1.56 and a beta of 1.30. The firm has a 50-day simple moving average of $21.80 and a 200 day simple moving average of $21.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92.

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

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Friday, September 5th. Kimco Realty's payout ratio is 120.48%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of Kimco Realty from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Weiss Ratings restated a "hold (c+)" rating on shares of Kimco Realty in a report on Saturday, September 27th. Evercore ISI lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research note on Monday, September 8th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler lowered 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.85.

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.

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