Grace & White Inc. NY Acquires 33,700 Shares of Kimco Realty Corporation $KIM

Grace & White Inc. NY boosted its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 9.6% in the 2nd quarter, Holdings Channel reports. The firm owned 384,862 shares of the real estate investment trust’s stock after buying an additional 33,700 shares during the period. Kimco Realty accounts for about 1.5% of Grace & White Inc. NY’s holdings, making the stock its 21st largest position. Grace & White Inc. NY’s holdings in Kimco Realty were worth $8,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Amundi grew its position 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. Invesco Ltd. boosted its stake in shares of Kimco Realty by 14.7% in the 1st quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock valued at $423,441,000 after purchasing an additional 2,552,276 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Kimco Realty by 8.9% during the 1st 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kimco Realty by 105.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,259,781 shares of the real estate investment trust’s stock worth $26,758,000 after purchasing an additional 648,021 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Kimco Realty by 3,910.1% in the 1st 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 purchasing an additional 604,495 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Insider Activity at Kimco Realty

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

Analysts Set New Price Targets

A number of research firms have weighed in on KIM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday. LADENBURG THALM/SH SH started coverage on Kimco Realty in a report on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price for the company. Barclays upped their target price on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Piper Sandler lowered their target price 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 issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.92.

Kimco Realty Price Performance

Shares of KIM opened at $20.78 on Friday. The business has a 50-day simple moving average of $21.78 and a two-hundred day simple moving average of $21.22. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83. The stock has a market cap of $14.07 billion, a PE ratio of 25.04, a PEG ratio of 1.54 and a beta of 1.30. 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 (NYSE:KIM) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, September 5th. Kimco Realty’s payout ratio is 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.