Boston Partners Has $12.67 Million Holdings in Kimco Realty Corporation $KIM

Boston Partners trimmed its holdings in Kimco Realty Corporation (NYSE:KIM) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 602,764 shares of the real estate investment trust’s stock after selling 59,424 shares during the period. Boston Partners’ holdings in Kimco Realty were worth $12,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KIM. Compound Planning Inc. raised its position in shares of 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 worth $313,000 after purchasing an additional 485 shares during the period. Horizon Investments LLC increased its stake in Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 600 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in Kimco Realty by 4.1% during the 1st quarter. Meeder Advisory Services Inc. now owns 16,412 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 653 shares in the last quarter. Signaturefd LLC raised its holdings in Kimco Realty by 8.8% during the 2nd quarter. Signaturefd LLC now owns 9,107 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 739 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Kimco Realty by 4.9% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,634 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 823 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KIM. Evercore ISI increased their price objective 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 note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price for the company. Barclays increased their target price on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Mizuho lifted their price target on Kimco Realty from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kimco Realty in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.27.

Kimco Realty Stock Up 0.2%

Kimco Realty stock opened at $20.66 on Friday. The company has a fifty day simple moving average of $21.13 and a 200 day simple moving average of $21.36. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a market cap of $13.99 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $535.86 million during the quarter, compared to the consensus estimate of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

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

Insider Activity at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $21.66, for a total value 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 trade represents a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.