Wilmington Savings Fund Society FSB Purchases 55,603 Shares of Kimco Realty Corporation $KIM

Key Points

• Wilmington Savings Fund Society FSB significantly increased its stake in Kimco Realty Corporation by 59.8%, acquiring an additional 55,603 shares, bringing its total holdings to 148,612 shares valued at approximately $3.12 million.
• Kimco Realty recently reported quarterly earnings of $0.44 per share, exceeding analysts' expectations, with a revenue of $525.18 million, marking a 5% increase from the previous year.
• The company declared a quarterly dividend of $0.25, translating to an annual yield of 4.7%, although its dividend payout ratio stands at 120.48%.

Wilmington Savings Fund Society FSB increased its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 59.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,612 shares of the real estate investment trust's stock after purchasing an additional 55,603 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Kimco Realty were worth $3,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compound Planning Inc. lifted its position in Kimco Realty by 3.4% in the first quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust's stock worth $313,000 after purchasing an additional 485 shares during the period. GF Fund Management CO. LTD. lifted its position in Kimco Realty by 4.2% in 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 purchasing an additional 517 shares during the period. Oregon Public Employees Retirement Fund lifted 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 valued at $1,239,000 after acquiring an additional 530 shares during the period. Horizon Investments LLC lifted 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 valued at $211,000 after acquiring an additional 600 shares during the period. Finally, Naviter Wealth LLC lifted 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 valued at $966,000 after acquiring an additional 640 shares during the period. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $21.38 on Wednesday. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The firm has a market cap of $14.48 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.53 and a beta of 1.30. 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 business has a fifty day moving average of $21.78 and a 200-day moving average of $21.22.

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 for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. During the same period last year, the company posted $0.41 earnings per share. The firm's quarterly 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. On average, equities research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, September 5th. Kimco Realty's dividend payout ratio (DPR) is presently 120.48%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a report on Tuesday, September 9th. They set a "buy" rating and a $27.00 price objective for the company. Piper Sandler cut their price objective on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Barclays lifted their price objective on Kimco Realty from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Evercore ISI lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a report on Monday, September 8th. Finally, Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Kimco Realty has an average rating of "Moderate Buy" and an average price target of $24.92.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the completion of the sale, the director directly owned 40,260 shares in the company, valued at $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

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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