Universal Beteiligungs und Servicegesellschaft mbH Buys 37,164 Shares of Kimco Realty Corporation $KIM

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 7.4% in the second quarter, HoldingsChannel.com reports. The fund owned 538,539 shares of the real estate investment trust’s stock after acquiring an additional 37,164 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Kimco Realty were worth $11,320,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Amundi lifted its stake in Kimco Realty by 54.2% during the first quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock worth $186,646,000 after purchasing an additional 3,253,031 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Kimco Realty by 14.7% during the 1st quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock valued at $423,441,000 after buying an additional 2,552,276 shares in the last quarter. Centersquare Investment Management LLC lifted its position in Kimco Realty by 8.9% in the 1st quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust’s stock worth $191,170,000 after buying an additional 733,514 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Kimco Realty in the 2nd quarter worth approximately $14,618,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kimco Realty by 105.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,259,781 shares of the real estate investment trust’s stock worth $26,758,000 after buying an additional 648,021 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director owned 40,260 shares in the company, valued at $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is owned by insiders.

Kimco Realty Price Performance

KIM stock opened at $20.02 on Thursday. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.56 and a beta of 1.28. The firm’s 50-day moving average price is $21.38 and its two-hundred day moving average price is $21.39. 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.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 30th. 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 $535.86 million for the quarter, compared to analysts’ expectations of $522.31 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 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, equities analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a dividend of $0.26 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, December 5th. Kimco Realty’s dividend payout ratio is currently 125.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Evercore ISI boosted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 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. Finally, Wells Fargo & Company assumed coverage on Kimco Realty in a report on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.27.

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.