Boston Partners Sells 59,424 Shares of Kimco Realty Corporation $KIM

Boston Partners lowered its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 602,764 shares of the real estate investment trust’s stock after selling 59,424 shares during the quarter. Boston Partners owned approximately 0.09% of Kimco Realty worth $12,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. New York State Common Retirement Fund lifted its holdings in shares of Kimco Realty by 6.7% in the 1st quarter. New York State Common Retirement Fund now owns 384,840 shares of the real estate investment trust’s stock valued at $8,174,000 after acquiring an additional 24,000 shares during the last quarter. Bailard Inc. bought a new position in Kimco Realty during the 1st quarter valued at about $1,083,000. Teachers Retirement System of The State of Kentucky raised its position in Kimco Realty by 4.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 51,997 shares of the real estate investment trust’s stock worth $1,104,000 after purchasing an additional 2,167 shares during the period. Allianz Asset Management GmbH lifted its stake in Kimco Realty by 19.0% in the first quarter. Allianz Asset Management GmbH now owns 1,177,629 shares of the real estate investment trust’s stock worth $25,013,000 after purchasing an additional 187,654 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Kimco Realty by 2.4% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 501,375 shares of the real estate investment trust’s stock valued at $10,649,000 after buying an additional 11,683 shares during the period. 89.25% of the stock is owned by institutional investors.

Insider Transactions at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction 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 owned 40,260 shares of the company’s stock, valued at $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Stock Down 0.8%

Shares of NYSE KIM opened at $20.42 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 cap of $13.83 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 1.56 and a beta of 1.28. The business’s 50 day moving average is $21.56 and its two-hundred day moving average is $21.39.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently disclosed 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 yield of 5.1%. The ex-dividend date of this dividend is Friday, December 5th. Kimco Realty’s dividend payout ratio is currently 125.30%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Scotiabank decreased their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday. Barclays upped their target price on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. 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 target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on Kimco Realty in a report on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 price objective for the company. One investment 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’s stock. According to MarketBeat, 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.