Vinva Investment Management Ltd Buys New Stake in Kimco Realty Corporation $KIM

Vinva Investment Management Ltd purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM) during the second quarter, Holdings Channel.com reports. The fund purchased 17,177 shares of the real estate investment trust’s stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. Amundi grew its position in shares of Kimco Realty by 54.2% during the 1st quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock valued at $186,646,000 after acquiring an additional 3,253,031 shares during the period. Invesco Ltd. lifted its position in shares of Kimco Realty by 14.7% during the 1st quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock valued at $423,441,000 after buying an additional 2,552,276 shares in the last quarter. Centersquare Investment Management LLC grew its stake in Kimco Realty by 8.9% in 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 acquiring an additional 733,514 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Kimco Realty in the 2nd quarter worth $14,618,000. Finally, Strs Ohio purchased a new position in Kimco Realty during the first quarter valued at $10,537,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Insider Transactions at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the business’s stock in a transaction 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 $872,031.60. The trade was a 36.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KIM. LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 price target on the stock. Wells Fargo & Company initiated coverage on Kimco Realty in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Scotiabank decreased their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Finally, Mizuho upped their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.27.

Kimco Realty Stock Performance

Shares of KIM stock opened at $20.66 on Friday. 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 firm has a market cap of $13.99 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.56 and a beta of 1.28. The firm’s 50 day moving average price is $21.13 and its 200-day moving average price is $21.36. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. 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. The firm 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 5.58% and a net margin of 28.54%.The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, equities research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.26 dividend. 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 annualized dividend and a dividend yield of 5.0%. Kimco Realty’s payout ratio is 125.30%.

Kimco Realty Company Profile

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.