Vident Advisory LLC Has $1.62 Million Holdings in Kimco Realty Corporation $KIM

Key Points

• Vident Advisory LLC has increased its holdings in Kimco Realty Corporation by 27% in the first quarter, acquiring an additional 16,238 shares, bringing its total to 76,379 shares worth approximately $1.62 million.
• Kimco Realty recently reported $0.44 earnings per share for the quarter, exceeding analyst expectations, with a revenue increase of 5% year-over-year.
• The company announced a quarterly dividend of $0.25 per share, representing a dividend yield of 4.5%, set to be paid on September 19th.

Vident Advisory LLC lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 27.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,379 shares of the real estate investment trust's stock after acquiring an additional 16,238 shares during the quarter. Vident Advisory LLC's holdings in Kimco Realty were worth $1,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KIM. Stifel Financial Corp increased its stake in shares of Kimco Realty by 3.7% during the fourth quarter. Stifel Financial Corp now owns 74,776 shares of the real estate investment trust's stock valued at $1,752,000 after acquiring an additional 2,659 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Kimco Realty during the fourth quarter valued at approximately $546,000. Lido Advisors LLC acquired a new position in Kimco Realty in the fourth quarter worth approximately $391,000. Mercer Global Advisors Inc. ADV grew its position in Kimco Realty by 248.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 93,802 shares of the real estate investment trust's stock worth $2,198,000 after buying an additional 66,918 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Kimco Realty by 62.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,252,227 shares of the real estate investment trust's stock worth $29,340,000 after buying an additional 480,959 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Stock Down 0.2%

Shares of NYSE:KIM traded down $0.04 during trading on Friday, reaching $22.76. 3,581,800 shares of the company traded hands, compared to its average volume of 3,267,493. The firm has a fifty day simple moving average of $21.64 and a 200 day simple moving average of $21.13. The firm has a market cap of $15.41 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company 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%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.4%. Kimco Realty's dividend payout ratio (DPR) is 120.48%.

Analyst Upgrades and Downgrades

KIM has been the topic of several recent research reports. Mizuho lifted their price target 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. Piper Sandler lowered their price objective on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Barclays lifted their price objective on shares of 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 given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.75.

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.