Generate Investment Management Ltd Raises Holdings in Kimco Realty Corporation $KIM

Generate Investment Management Ltd increased its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 58.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 619,023 shares of the real estate investment trust’s stock after purchasing an additional 228,042 shares during the period. Generate Investment Management Ltd owned 0.09% of Kimco Realty worth $13,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. AlphaQuest LLC purchased a new position in shares of Kimco Realty in the first quarter worth about $29,000. Jump Financial LLC purchased a new position in Kimco Realty during the 1st quarter worth approximately $261,000. Walleye Capital LLC boosted its holdings in shares of Kimco Realty by 36.6% in the 1st quarter. Walleye Capital LLC now owns 13,599 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 3,646 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Kimco Realty in the first quarter worth $304,000. Finally, Vident Advisory LLC raised its holdings in shares of Kimco Realty by 27.0% during the first quarter. Vident Advisory LLC now owns 76,379 shares of the real estate investment trust’s stock worth $1,622,000 after purchasing an additional 16,238 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KIM. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday. Barclays lifted their target price on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Citigroup cut their price target on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, December 3rd. Evercore ISI lifted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, September 8th. Finally, Scotiabank decreased their price objective on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.33.

Kimco Realty Stock Down 0.1%

Shares of NYSE KIM opened at $20.37 on Wednesday. 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 business’s 50 day moving average is $20.55 and its two-hundred day moving average is $21.24. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $23.65. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.45 and a beta of 1.05.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data 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. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The business had revenue of $535.86 million during the quarter, compared to analysts’ expectations of $522.31 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a dividend of $0.26 per share. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, December 5th. Kimco Realty’s dividend payout ratio is currently 125.30%.

Kimco Realty 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.