Stance Capital LLC Invests $766,000 in Kimco Realty Corporation $KIM

Key Points

• Stance Capital LLC has acquired 36,083 shares of Kimco Realty Corporation ($KIM), valued at approximately $766,000, highlighting interest from institutional investors in the real estate sector.
• Kimco Realty recently reported a quarterly earnings per share (EPS) of $0.44, surpassing expectations, and announced a quarterly dividend of $0.25 per share, indicating a dividend yield of 4.4%.
• Wall Street analysts have varied opinions on Kimco Realty, with target prices ranging from $22.00 to $28.00 and a consensus rating of "Moderate Buy" based on recent upgrades and downgrades.

Stance Capital LLC purchased a new position in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,083 shares of the real estate investment trust's stock, valued at approximately $766,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd increased its stake in Kimco Realty by 2.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 284,216 shares of the real estate investment trust's stock worth $6,037,000 after buying an additional 7,136 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in Kimco Realty by 1.1% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 180,366 shares of the real estate investment trust's stock worth $3,831,000 after acquiring an additional 2,041 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kimco Realty by 59.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust's stock worth $2,351,000 after acquiring an additional 41,265 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Kimco Realty in the 1st quarter worth approximately $8,044,000. Finally, Alliancebernstein L.P. lifted its position in shares of Kimco Realty by 7.5% in the 1st quarter. Alliancebernstein L.P. now owns 1,163,726 shares of the real estate investment trust's stock worth $24,718,000 after purchasing an additional 81,463 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Down 0.2%

Shares of NYSE:KIM traded down $0.06 during trading on Wednesday, reaching $22.31. The stock had a trading volume of 3,298,408 shares, compared to its average volume of 4,723,795. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a market capitalization of $15.10 billion, a P/E ratio of 26.87, a PEG ratio of 1.63 and a beta of 1.32. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The firm's 50-day simple moving average is $21.71 and its 200 day simple moving average is $21.15.

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

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.5%. Kimco Realty's dividend payout ratio is presently 120.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KIM shares. Barclays boosted their price objective 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. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho upped their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH started coverage on Kimco Realty in a research note on Tuesday. They issued a "buy" rating and a $27.00 target price on the stock. Finally, Piper Sandler reduced 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.68.

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.