111 Capital Acquires New Holdings in Kimco Realty Corporation $KIM

111 Capital bought a new position in Kimco Realty Corporation (NYSE:KIM) in the second quarter, HoldingsChannel.com reports. The fund bought 35,095 shares of the real estate investment trust’s stock, valued at approximately $738,000.

Other hedge funds have also added to or reduced their stakes in the company. 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 worth $423,441,000 after buying an additional 2,552,276 shares during the last quarter. Northern Trust Corp lifted its holdings 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 period. Charles Schwab Investment Management Inc. lifted its holdings 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 period. Amundi boosted 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 worth $186,646,000 after purchasing an additional 3,253,031 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake 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 period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 0.5%

NYSE KIM opened at $21.48 on Friday. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The stock has a market cap of $14.54 billion, a PE ratio of 25.87, a P/E/G ratio of 1.56 and a beta of 1.30. The stock’s 50 day moving average is $21.80 and its 200 day moving average is $21.21.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, July 31st. 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 firm had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, September 5th. Kimco Realty’s payout ratio is 120.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a report on Saturday, September 27th. Evercore ISI increased their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. LADENBURG THALM/SH SH started coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective for the company. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Barclays lifted their target price on Kimco Realty from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.85.

Insider Activity at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the completion of the transaction, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

About Kimco Realty

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.