Cascade Investment Advisors Inc. Has $1.16 Million Stock Holdings in Kimco Realty Corporation $KIM

Cascade Investment Advisors Inc. lessened its holdings in Kimco Realty Corporation (NYSE:KIM) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,970 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Cascade Investment Advisors Inc.’s holdings in Kimco Realty were worth $1,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KIM. Compound Planning Inc. boosted its position in Kimco Realty by 3.4% during the first quarter. Compound Planning Inc. now owns 14,759 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 485 shares during the last quarter. GF Fund Management CO. LTD. boosted its position in Kimco Realty by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 517 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Kimco Realty by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 530 shares during the last quarter. Horizon Investments LLC boosted its position in Kimco Realty by 6.4% during the first quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 600 shares during the last quarter. Finally, Naviter Wealth LLC raised its holdings in Kimco Realty by 1.4% during the first quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust’s stock valued at $966,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insider Activity at Kimco Realty

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

Kimco Realty Trading Down 2.1%

Kimco Realty stock opened at $20.78 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The business’s 50-day simple moving average is $21.78 and its 200-day simple moving average is $21.22. The firm has a market capitalization of $14.07 billion, a PE ratio of 25.04, a PEG ratio of 1.51 and a beta of 1.30. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities research analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.25 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.8%. Kimco Realty’s payout ratio is presently 120.48%.

Analysts Set New Price Targets

Several research firms have weighed in on KIM. Mizuho raised their target price on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. LADENBURG THALM/SH SH began coverage on Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. Barclays raised their target price on Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Piper Sandler cut their target price on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $24.92.

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.