Metis Global Partners LLC Has $2.87 Million Stock Holdings in Kimco Realty Corporation $KIM

Metis Global Partners LLC lifted its position in shares of Kimco Realty Corporation (NYSE:KIM) by 20.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,425 shares of the real estate investment trust’s stock after purchasing an additional 23,371 shares during the quarter. Metis Global Partners LLC’s holdings in Kimco Realty were worth $2,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in Kimco Realty during the 2nd quarter worth $27,000. AlphaQuest LLC bought a new stake in shares of Kimco Realty in the first quarter worth about $29,000. Keystone Global Partners LLC acquired a new stake in shares of Kimco Realty during the first quarter worth about $30,000. GKV Capital Management Co. Inc. bought a new position in shares of Kimco Realty during the 1st quarter valued at about $38,000. Finally, ST Germain D J Co. Inc. grew its position in shares of Kimco Realty by 160.7% in the 2nd quarter. ST Germain D J Co. Inc. now owns 1,955 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,205 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Buying and Selling at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the business’s stock in a transaction 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 transaction, the director directly owned 40,260 shares in the company, valued at approximately $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the topic of several research analyst reports. LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 target price on the stock. Wall Street Zen lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Mizuho boosted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Finally, Wells Fargo & Company assumed coverage on Kimco Realty in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.50.

Kimco Realty Trading Up 1.5%

Shares of NYSE:KIM opened at $20.54 on Monday. The company’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $21.40. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. 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 $13.91 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, October 30th. 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. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The business had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. Kimco Realty’s quarterly revenue was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, equities analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s payout ratio is currently 125.30%.

Kimco Realty 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.