Kimco Realty Corporation $KIM Shares Sold by Ieq Capital LLC

Ieq Capital LLC lowered its holdings in Kimco Realty Corporation (NYSE:KIM) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,733 shares of the real estate investment trust’s stock after selling 1,056 shares during the quarter. Ieq Capital LLC’s holdings in Kimco Realty were worth $334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Squarepoint Ops LLC increased its stake in shares of Kimco Realty by 40.9% in the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust’s stock worth $8,994,000 after acquiring an additional 111,496 shares during the period. D.A. Davidson & CO. purchased a new stake in Kimco Realty during the first quarter worth $209,000. Woodline Partners LP purchased a new stake in Kimco Realty during the fourth quarter worth $9,057,000. Concurrent Investment Advisors LLC boosted its holdings in Kimco Realty by 45.6% during the first quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust’s stock worth $861,000 after buying an additional 12,700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Kimco Realty by 4.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust’s stock worth $2,167,000 after buying an additional 4,051 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

KIM opened at $22.76 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. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.65 and a beta of 1.32. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83. The firm’s fifty day simple moving average is $21.64 and its two-hundred day simple moving average is $21.13.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a $0.25 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. Kimco Realty’s payout ratio is currently 120.48%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KIM. Wall Street Zen raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Mizuho increased their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Piper Sandler lowered their price target on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Barclays increased their price target on shares of Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.75.

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.