Rockefeller Capital Management L.P. Increases Stake in Kimco Realty Corporation $KIM

Rockefeller Capital Management L.P. lifted its stake in Kimco Realty Corporation (NYSE:KIM) by 14.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,633 shares of the real estate investment trust’s stock after buying an additional 3,181 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Kimco Realty were worth $518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compound Planning Inc. increased its holdings in Kimco Realty by 3.4% in the 1st quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 485 shares during the last quarter. Horizon Investments LLC grew its position 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 purchasing an additional 600 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Kimco Realty by 4.1% in the first quarter. Meeder Advisory Services Inc. now owns 16,412 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 653 shares during the last quarter. Signaturefd LLC lifted its position in shares of Kimco Realty by 8.8% in the second quarter. Signaturefd LLC now owns 9,107 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 739 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Kimco Realty by 4.9% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,634 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 823 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the company’s 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 transaction, the director owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by company insiders.

Kimco Realty Stock Down 0.2%

NYSE KIM opened at $20.63 on Friday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.56 and a beta of 1.28. The company has a fifty day moving average of $21.16 and a two-hundred day moving average of $21.37.

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, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The firm had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. During the same quarter last year, the business earned $0.43 EPS. The business’s 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, analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 5.0%. Kimco Realty’s payout ratio is 125.30%.

Wall Street Analyst Weigh In

KIM has been the topic of a number of research reports. Piper Sandler reduced their price objective on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Mizuho boosted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Barclays increased their price objective on shares of Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Scotiabank decreased their target price on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.