Strs Ohio Takes $10.54 Million Position in Kimco Realty Corporation $KIM

Key Points

• Strs Ohio has acquired a new stake in Kimco Realty Corporation, purchasing 496,101 shares valued at approximately $10.54 million, representing about 0.07% of the total company shares.
• Kimco Realty reported earnings of $0.44 per share for the last quarter, exceeding analysts' expectations, with revenue of $525.18 million, a 5% increase year-over-year.
• The company has announced a quarterly dividend of $0.25 per share, indicating a 4.5% dividend yield, despite a payout ratio of 120.48%.

Strs Ohio acquired a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 496,101 shares of the real estate investment trust's stock, valued at approximately $10,537,000. Strs Ohio owned about 0.07% of Kimco Realty at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Compound Planning Inc. increased its position in shares of Kimco Realty by 3.4% during the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock valued at $313,000 after purchasing an additional 485 shares during the last quarter. GF Fund Management CO. LTD. grew its position in Kimco Realty by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after acquiring an additional 517 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Kimco Realty by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after acquiring an additional 530 shares during the last quarter. Horizon Investments LLC grew its position in Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust's stock worth $211,000 after acquiring an additional 600 shares during the last quarter. Finally, Naviter Wealth LLC grew its position in Kimco Realty by 1.4% during the 1st quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust's stock worth $966,000 after acquiring an additional 640 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Down 0.2%

NYSE KIM opened at $22.41 on Friday. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The stock has a 50 day simple moving average of $21.74 and a two-hundred day simple moving average of $21.15. The stock has a market cap of $15.17 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $524.75 million. During the same quarter last year, the business posted $0.41 EPS. The business'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, analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. Kimco Realty's payout ratio is currently 120.48%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KIM shares. Piper Sandler reduced their price target on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. LADENBURG THALM/SH SH started coverage on Kimco Realty in a research report on Tuesday, September 9th. They set a "buy" rating and a $27.00 price target on the stock. Mizuho raised their price target on Kimco Realty from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Barclays raised their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.85.

Kimco Realty Company 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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