Kimco Realty Corporation $KIM Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. lowered its position in shares of Kimco Realty Corporation (NYSE:KIM) by 18.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,170 shares of the real estate investment trust’s stock after selling 4,260 shares during the period. Praxis Investment Management Inc.’s holdings in Kimco Realty were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. TD Asset Management Inc lifted its position in Kimco Realty by 0.5% in the second quarter. TD Asset Management Inc now owns 238,523 shares of the real estate investment trust’s stock valued at $5,014,000 after acquiring an additional 1,171 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Kimco Realty by 59.8% in the second quarter. Wilmington Savings Fund Society FSB now owns 148,612 shares of the real estate investment trust’s stock valued at $3,124,000 after acquiring an additional 55,603 shares during the last quarter. Naviter Wealth LLC lifted its position in Kimco Realty by 7.7% in the second quarter. Naviter Wealth LLC now owns 49,690 shares of the real estate investment trust’s stock valued at $1,044,000 after acquiring an additional 3,535 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Kimco Realty in the second quarter valued at $702,000. Finally, CWM LLC lifted its position in Kimco Realty by 13.7% in the second quarter. CWM LLC now owns 15,035 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 1,813 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore ISI boosted their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, September 8th. Mizuho boosted their price target 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Barclays upped their target price on shares of Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.92.

Insider Transactions at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the transaction, the director directly owned 40,260 shares of the company’s stock, valued at $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $21.87 on Friday. The company has a 50-day simple moving average of $21.82 and a 200-day simple moving average of $21.23. 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 quick ratio of 3.92 and a current ratio of 3.92. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.59 and a beta of 1.30.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $525.18 million during the quarter, compared to analysts’ expectations of $524.75 million. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty’s dividend payout ratio is currently 120.48%.

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.