V Square Quantitative Management LLC Decreases Holdings in Kimco Realty Corporation $KIM

V Square Quantitative Management LLC cut its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,866 shares of the real estate investment trust’s stock after selling 607 shares during the quarter. V Square Quantitative Management LLC’s holdings in Kimco Realty were worth $228,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KIM. AlphaQuest LLC purchased a new stake in shares of Kimco Realty during the 1st quarter valued at $29,000. Golden State Wealth Management LLC grew its stake 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 worth $30,000 after acquiring an additional 911 shares during the period. Keystone Global Partners LLC bought a new position in shares of Kimco Realty during the 1st quarter worth $30,000. WASHINGTON TRUST Co bought a new position in shares of Kimco Realty during the 1st quarter worth $34,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Kimco Realty during the 1st quarter worth $38,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KIM shares. LADENBURG THALM/SH SH started coverage on Kimco Realty in a research note on Tuesday, September 9th. They set a “buy” rating and a $27.00 price target for the company. Barclays increased their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Mizuho increased their price target on Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Finally, Piper Sandler cut their price target on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.85.

Kimco Realty Stock Down 0.8%

Shares of NYSE KIM opened at $21.34 on Friday. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The business has a 50-day simple moving average of $21.81 and a two-hundred day simple moving average of $21.21. 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 $14.45 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.56 and a beta of 1.31.

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

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is 120.48%.

Insider Activity

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

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.