Texas Permanent School Fund Corp Reduces Position in Kimco Realty Corporation $KIM

Texas Permanent School Fund Corp decreased its holdings in Kimco Realty Corporation (NYSE:KIM) by 38.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,539 shares of the real estate investment trust’s stock after selling 28,720 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Kimco Realty were worth $957,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KIM. Trust Co. of Toledo NA OH acquired a new position in shares of Kimco Realty in the 2nd quarter valued at approximately $27,000. AlphaQuest LLC acquired a new stake in shares of Kimco Realty during the first quarter worth approximately $29,000. CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty in the second quarter worth $37,000. GKV Capital Management Co. Inc. acquired a new stake in Kimco Realty in the first quarter valued at $38,000. Finally, ST Germain D J Co. Inc. boosted its stake in Kimco Realty by 160.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 1,955 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,205 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the company’s 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 transaction, the director 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $20.45 on Thursday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $20.67 and its two-hundred day moving average price is $21.26. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $23.73. The stock has a market capitalization of $13.85 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.43 and a beta of 1.05.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, sell-side analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a $0.26 dividend. The ex-dividend date was Friday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 5.1%. Kimco Realty’s dividend payout ratio (DPR) is 125.30%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KIM. Scotiabank dropped their target price on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. LADENBURG THALM/SH SH initiated coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Citigroup reduced their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. Finally, Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and a consensus target price of $24.33.

About Kimco Realty

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.