Voya Investment Management LLC Sells 140,608 Shares of Kimco Realty Corporation $KIM

Voya Investment Management LLC lessened its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 41.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,968 shares of the real estate investment trust's stock after selling 140,608 shares during the period. Voya Investment Management LLC's holdings in Kimco Realty were worth $4,141,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Squarepoint Ops LLC increased its position in shares of Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after purchasing an additional 111,496 shares during the last quarter. D.A. Davidson & CO. bought a new position in Kimco Realty in the 1st quarter worth approximately $209,000. Woodline Partners LP purchased a new stake in shares of Kimco Realty during the 4th quarter worth approximately $9,057,000. Concurrent Investment Advisors LLC raised its holdings in shares of Kimco Realty by 45.6% during the 1st 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Kimco Realty by 4.1% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on KIM shares. LADENBURG THALM/SH SH began coverage on Kimco Realty in a report on Tuesday, September 9th. They set a "buy" rating and a $27.00 price objective on the stock. Piper Sandler reduced their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays raised their price objective on Kimco Realty from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, Mizuho raised 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. One research 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 company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.85.

Kimco Realty Price Performance

KIM opened at $21.94 on Friday. The stock's 50-day moving average price is $21.83 and its 200 day moving average price is $21.17. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.61 and a beta of 1.32.

Kimco Realty (NYSE:KIM - Get Free Report) last announced 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 firm had revenue of $525.18 million during the quarter, compared to analysts' expectations of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The business's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, sell-side analysts expect that Kimco Realty Corporation will post 1.71 earnings per share 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 issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. Kimco Realty's dividend payout ratio (DPR) is 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.

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