Kimco Realty Corporation $KIM Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC raised its position in Kimco Realty Corporation (NYSE:KIM) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 357,322 shares of the real estate investment trust’s stock after purchasing an additional 958 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Kimco Realty worth $7,511,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KIM. Amundi grew its holdings in Kimco Realty by 54.2% in the first quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock valued at $186,646,000 after purchasing an additional 3,253,031 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Kimco Realty by 14.7% during the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock valued at $423,441,000 after acquiring an additional 2,552,276 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Kimco Realty by 8.9% during the first quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust’s stock valued at $191,170,000 after acquiring an additional 733,514 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kimco Realty by 105.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,259,781 shares of the real estate investment trust’s stock valued at $26,758,000 after acquiring an additional 648,021 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Kimco Realty by 3,910.1% during the first quarter. Teacher Retirement System of Texas now owns 619,955 shares of the real estate investment trust’s stock valued at $13,168,000 after acquiring an additional 604,495 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

KIM has been the topic of a number of analyst reports. Barclays increased their price objective on Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Evercore ISI increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 8th. Mizuho increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a research note on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Piper Sandler decreased their price target on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.92.

Insider Buying and Selling at Kimco Realty

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 value of $500,346.00. Following the transaction, the director directly owned 40,260 shares of the company’s stock, 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 at this link. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Stock Up 0.8%

Shares of NYSE:KIM opened at $22.02 on Tuesday. The stock’s 50-day moving average price is $21.84 and its two-hundred day moving average price is $21.26. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.59 and a beta of 1.30.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share 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 analyst estimates of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, research analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty’s 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.