Vanderbilt University Invests $969,000 in Kimco Realty Corporation $KIM

Key Points

• Vanderbilt University has acquired a new stake in Kimco Realty Corporation, purchasing 46,118 shares valued at approximately $969,000 during the second quarter.
• Analysts have recently raised their price targets for Kimco Realty, with Mizuho increasing its target from $22 to $23 and Barclays from $25 to $26, while overall, the company holds an average target price of $24.85.
• Kimco Realty has announced a quarterly dividend of $0.25, leading to an annualized yield of 4.7%, despite a high dividend payout ratio of 120.48%.

Vanderbilt University purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,118 shares of the real estate investment trust's stock, valued at approximately $969,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. acquired a new position in shares of Kimco Realty during the first quarter worth about $209,000. Concurrent Investment Advisors LLC increased its stake in shares of Kimco Realty by 45.6% during the first quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust's stock worth $861,000 after acquiring an additional 12,700 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kimco Realty by 4.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock worth $2,167,000 after acquiring an additional 4,051 shares during the period. Jump Financial LLC acquired a new position in shares of Kimco Realty during the first quarter worth about $261,000. Finally, Vert Asset Management LLC grew its position in Kimco Realty by 6.0% during the first quarter. Vert Asset Management LLC now owns 315,773 shares of the real estate investment trust's stock worth $6,707,000 after buying an additional 17,966 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KIM has been the topic of several recent analyst reports. Mizuho upped their target price on shares of 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 shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They issued a "buy" rating and a $27.00 price target on the stock. Barclays upped their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Finally, Piper Sandler reduced their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.85.

Insider Activity

In related news, Director Mary Hogan Preusse sold 23,100 shares of the firm's stock in a transaction on 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 sale, the director directly owned 40,260 shares of the company's stock, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by insiders.

Kimco Realty Stock Performance

NYSE:KIM opened at $21.34 on Friday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The company has a market cap of $14.45 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.56 and a beta of 1.31. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The firm's 50 day moving average is $21.81 and its two-hundred day moving average is $21.21.

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, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $525.18 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.