Chevy Chase Trust Holdings LLC Increases Stock Holdings in Kimco Realty Corporation $KIM

Chevy Chase Trust Holdings LLC lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 357,322 shares of the real estate investment trust’s stock after buying an additional 958 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Kimco Realty were worth $7,511,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of KIM. Trust Co. of Toledo NA OH purchased a new stake in shares of Kimco Realty during the 2nd quarter valued at about $27,000. AlphaQuest LLC purchased a new stake in shares of Kimco Realty during the 1st quarter valued at about $29,000. Golden State Wealth Management LLC raised its holdings in shares of Kimco Realty by 177.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 911 shares during the period. Keystone Global Partners LLC purchased a new stake in shares of Kimco Realty during the 1st quarter valued at about $30,000. Finally, WASHINGTON TRUST Co purchased a new stake in shares of Kimco Realty during the 1st quarter valued at about $34,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the business’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 completion of the transaction, the director owned 40,260 shares in the company, valued at $872,031.60. The trade was a 36.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on KIM. Piper Sandler dropped 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. 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. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, LADENBURG THALM/SH SH began coverage on Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.92.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $22.02 on Tuesday. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 1.59 and a beta of 1.30. The business has a 50 day simple moving average of $21.84 and a 200-day simple moving average of $21.26.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share 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 $525.18 million during the quarter, compared to the consensus estimate of $524.75 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. As a group, equities research analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

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

About Kimco Realty

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.