AlphaQuest LLC Grows Stock Holdings in Kimco Realty Corporation $KIM

AlphaQuest LLC raised its position in shares of Kimco Realty Corporation (NYSE:KIM) by 3,763.8% during the second quarter, HoldingsChannel reports. The firm owned 53,437 shares of the real estate investment trust’s stock after purchasing an additional 52,054 shares during the period. AlphaQuest LLC’s holdings in Kimco Realty were worth $1,123,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new stake in Kimco Realty during the first quarter valued at about $209,000. Concurrent Investment Advisors LLC increased its holdings in shares of Kimco Realty by 45.6% in the first quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust’s stock worth $861,000 after buying an additional 12,700 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Kimco Realty by 4.1% in the first 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 buying an additional 4,051 shares during the period. Jump Financial LLC purchased a new position in shares of Kimco Realty in the first quarter worth about $261,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Kimco Realty in the first quarter worth about $211,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.5%

NYSE KIM opened at $22.34 on Friday. 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 stock has a market capitalization of $15.13 billion, a PE ratio of 26.91, a PEG ratio of 1.62 and a beta of 1.30. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The business’s 50-day moving average is $21.93 and its 200 day moving average is $21.34.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $525.18 million for 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%.Kimco Realty’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Sell-side analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty’s payout ratio is presently 120.48%.

Analysts Set New Price Targets

Several research analysts have recently commented on KIM shares. LADENBURG THALM/SH SH started coverage on Kimco Realty in a report on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price objective on the stock. Evercore ISI lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. Barclays lifted their price objective on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Piper Sandler decreased their price objective on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Wall Street Zen upgraded 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 issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus price target of $24.92.

Insiders Place Their Bets

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the sale, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. The trade was a 36.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

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.