Sequoia Financial Advisors LLC Increases Position in Kimco Realty Corporation $KIM

Sequoia Financial Advisors LLC grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 74.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,277 shares of the real estate investment trust’s stock after buying an additional 24,904 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kimco Realty were worth $1,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KIM. Trust Co. of Toledo NA OH bought a new position in Kimco Realty in the 2nd quarter valued at $27,000. Quent Capital LLC purchased a new stake in shares of Kimco Realty during the third quarter valued at $27,000. City Holding Co. bought a new position in shares of Kimco Realty in the third quarter worth about $30,000. CYBER HORNET ETFs LLC bought a new position in shares of Kimco Realty in the second quarter worth about $37,000. 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 worth $41,000 after buying an additional 1,205 shares during the period. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $20.78 on Friday. The firm has a 50 day moving average of $20.38 and a 200 day moving average of $21.18. 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 company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.65.

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, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, sell-side analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.0%. Kimco Realty’s payout ratio is currently 125.30%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho set a $21.00 target price on shares of Kimco Realty in a research note on Friday, January 9th. Truist Financial lowered their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday. Citigroup reduced their price objective on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, December 3rd. Argus reaffirmed a “buy” rating and set a $27.00 target price on shares of Kimco Realty in a research report on Monday, December 1st. Finally, Morgan Stanley set a $23.50 price target on Kimco Realty in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.89.

Kimco Realty Company Profile

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.