AlphaStar Capital Management LLC Sells 7,910 Shares of Kimco Realty Corporation $KIM

AlphaStar Capital Management LLC lowered its position in Kimco Realty Corporation (NYSE:KIM) by 36.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,502 shares of the real estate investment trust’s stock after selling 7,910 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Kimco Realty were worth $284,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Kimco Realty by 14.7% in the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock worth $423,441,000 after purchasing an additional 2,552,276 shares during the period. Northern Trust Corp increased its stake in Kimco Realty by 2.8% in the first quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust’s stock valued at $224,949,000 after acquiring an additional 285,824 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kimco Realty by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust’s stock valued at $206,427,000 after acquiring an additional 137,249 shares during the last quarter. Amundi increased its stake 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 acquiring an additional 3,253,031 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake in Kimco Realty by 8.9% in 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. Institutional investors own 89.25% of the company’s stock.

Insider Transactions at Kimco Realty

In other 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 sale, the director directly owned 40,260 shares in the company, valued at approximately $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 accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Evercore ISI increased their target price 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. Barclays increased their target price on Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price on the stock. Wall Street Zen cut Kimco Realty from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Mizuho increased their target price on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus price target of $24.92.

Kimco Realty Stock Performance

NYSE KIM opened at $20.71 on Friday. The company has a 50-day simple moving average of $21.91 and a two-hundred day simple moving average of $21.39. The company has a quick ratio of 3.92, a current 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 $14.02 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.56 and a beta of 1.30.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, October 30th. 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. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, equities analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 5.0%. Kimco Realty’s dividend payout ratio (DPR) is currently 120.48%.

Kimco Realty Company 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.