Vanguard Personalized Indexing Management LLC Has $1.47 Million Stock Holdings in Kimco Realty Corporation $KIM

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Kimco Realty by 46.0% during Q2, now holding 70,059 shares valued at approximately $1.47 million.
• Kimco Realty's latest quarterly earnings beat estimates, reporting $0.44 EPS and a revenue of $525.18 million, up 5.0% year-over-year.
• Insider trading revealed that Director Mary Hogan Preusse sold 23,100 shares for over $500,000, reducing her ownership by 36.46%.

Vanguard Personalized Indexing Management LLC increased its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 46.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,059 shares of the real estate investment trust's stock after purchasing an additional 22,081 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Kimco Realty were worth $1,473,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Compound Planning Inc. increased its holdings in shares of Kimco Realty by 3.4% during the first quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock worth $313,000 after buying an additional 485 shares in the last quarter. GF Fund Management CO. LTD. increased its holdings in shares of Kimco Realty by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after buying an additional 517 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Kimco Realty by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after buying an additional 530 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of Kimco Realty by 6.4% during the first quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust's stock worth $211,000 after buying an additional 600 shares in the last quarter. Finally, Naviter Wealth LLC increased its holdings in shares of Kimco Realty by 1.4% during the first quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust's stock worth $966,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds 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 that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company's stock.

Analyst Ratings Changes

KIM has been the subject of several recent analyst reports. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho raised their price objective 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. LADENBURG THALM/SH SH initiated coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They set a "buy" rating and a $27.00 price objective for the company. Barclays raised their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Finally, Piper Sandler decreased their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note 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. According to data from MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and an average price target of $24.92.

Kimco Realty Price Performance

KIM opened at $21.87 on Friday. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The company's 50 day simple moving average is $21.82 and its 200-day simple moving average is $21.23. The stock has a market capitalization of $14.81 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $524.75 million. During the same period in the prior year, the firm earned $0.41 earnings per share. Kimco Realty's revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.6%. Kimco Realty's dividend payout ratio (DPR) is presently 120.48%.

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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