Mary Hogan Preusse Sells 23,100 Shares of Kimco Realty (NYSE:KIM) Stock

Key Points

• Mary Hogan Preusse, a director at Kimco Realty, sold 23,100 shares of the company stock on September 29th for a total of $500,346, reducing her ownership by 36.46%.
• Kimco Realty reported an EPS of $0.44 for its last quarter, beating the consensus estimate, with a revenue increase of 5.0% year-over-year, and has set its FY 2025 guidance at 1.730-1.750 EPS.
• The company's recently declared quarterly dividend was $0.25, resulting in an annual yield of 4.6%, though the payout ratio is high at 120.48%.

Kimco Realty Corporation (NYSE:KIM - Get Free Report) Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 40,260 shares of the company's stock, valued at $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded up $0.19 during midday trading on Tuesday, hitting $21.86. The company had a trading volume of 2,970,668 shares, compared to its average volume of 4,645,997. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.57 and a beta of 1.32. 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 fifty day simple moving average of $21.84 and a 200 day simple moving average of $21.20. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data 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. The firm 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%. Kimco Realty's revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, September 5th. Kimco Realty's dividend payout ratio is 120.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its position in shares of Kimco Realty by 114.0% during the 2nd quarter. Corient Private Wealth LLC now owns 74,633 shares of the real estate investment trust's stock valued at $1,569,000 after buying an additional 39,752 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of Kimco Realty during the 2nd quarter valued at approximately $107,000. Osaic Holdings Inc. lifted its position in shares of Kimco Realty by 140.6% during the 2nd quarter. Osaic Holdings Inc. now owns 40,211 shares of the real estate investment trust's stock valued at $846,000 after buying an additional 23,497 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Kimco Realty by 37.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 376,020 shares of the real estate investment trust's stock valued at $7,903,000 after buying an additional 101,597 shares in the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Kimco Realty during the 2nd quarter valued at approximately $259,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

KIM has been the topic of several research reports. Barclays increased their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. LADENBURG THALM/SH SH initiated coverage on shares of Kimco Realty in a research note on Tuesday, September 9th. They set a "buy" rating and a $27.00 price objective on the stock. 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 research note on Wednesday, August 20th. Piper Sandler dropped 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 note on Monday, August 4th. Finally, Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.85.

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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