Kimco Realty Corporation $KIM Shares Sold by Duff & Phelps Investment Management Co.

by · The Cerbat Gem

Duff & Phelps Investment Management Co. trimmed its holdings in Kimco Realty Corporation (NYSE:KIM – Free Report) by 2.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 470,551 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Kimco Realty were worth $9,891,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH purchased a new stake in Kimco Realty during the 2nd quarter valued at approximately $27,000. AlphaQuest LLC acquired a new position in shares of Kimco Realty in the first quarter valued at approximately $29,000. Keystone Global Partners LLC purchased a new stake in shares of Kimco Realty during the first quarter worth approximately $30,000. GKV Capital Management Co. Inc. purchased a new position in Kimco Realty in the 1st quarter valued at $38,000. Finally, ST Germain D J Co. Inc. increased its stake in Kimco Realty by 160.7% in 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 buying an additional 1,205 shares during the period. 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 stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value of $500,346.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

Kimco Realty Stock Performance

NYSE KIM opened at $20.41 on Monday. The business has a 50 day moving average price of $21.51 and a 200 day moving average price of $21.41. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The company has a market capitalization of $13.82 billion, a P/E ratio of 24.59, a PEG ratio of 1.56 and a beta of 1.28. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million during the quarter, compared to analysts’ expectations of $522.31 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Sell-side analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced 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 an increase 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 presently 125.30%.

Analysts Set New Price Targets

Several analysts have recently weighed in on KIM shares. LADENBURG THALM/SH SH assumed coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price on the stock. Barclays boosted their target price on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Kimco Realty from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Evercore ISI upped their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. Finally, Scotiabank cut their price objective on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Kimco Realty has an average rating of “Hold” and a consensus target price of $24.27.

Check Out Our Latest Stock Analysis on Kimco Realty

About Kimco Realty

(Free Report)

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.

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