Versor Investments LP Has $1.22 Million Stock Holdings in Kimco Realty Corporation $KIM

Versor Investments LP lessened its position in shares of Kimco Realty Corporation (NYSE:KIM) by 43.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,934 shares of the real estate investment trust’s stock after selling 44,213 shares during the quarter. Versor Investments LP’s holdings in Kimco Realty were worth $1,218,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Invesco Ltd. lifted 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 period. Northern Trust Corp lifted its stake in shares of Kimco Realty by 2.8% during 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 period. Charles Schwab Investment Management Inc. lifted its stake in shares of Kimco Realty by 1.4% during 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 period. Amundi lifted its stake in shares of Kimco Realty by 54.2% during 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 period. Finally, Centersquare Investment Management LLC increased its holdings 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 purchasing an additional 733,514 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 1.4%

Shares of Kimco Realty stock opened at $20.71 on Monday. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The business has a 50-day moving average of $21.91 and a two-hundred day moving average of $21.40. The company has a market capitalization of $14.02 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company had revenue of $535.86 million during the quarter, compared to the consensus estimate of $522.31 million. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, equities analysts predict 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 issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.0%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 5th. Kimco Realty’s dividend payout ratio is currently 125.30%.

Analysts Set New Price Targets

KIM has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Kimco Realty from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company initiated coverage on Kimco Realty in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 price objective for the company. Barclays upped their price objective on Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. Finally, Piper Sandler dropped their price objective on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, August 4th. One investment 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, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $24.92.

Insider Activity

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the 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 completion of the sale, the director directly owned 40,260 shares in the company, valued at $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

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.