Kimco Realty Corporation $KIM Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in Kimco Realty Corporation (NYSE:KIM) by 114.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,633 shares of the real estate investment trust’s stock after acquiring an additional 39,752 shares during the quarter. Corient Private Wealth LLC’s holdings in Kimco Realty were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in Kimco Realty during the second quarter valued at $107,000. Osaic Holdings Inc. grew its position in shares of Kimco Realty by 140.6% during the 2nd quarter. Osaic Holdings Inc. now owns 40,211 shares of the real estate investment trust’s stock valued at $846,000 after buying an additional 23,497 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Kimco Realty by 37.0% during the second quarter. Thrivent Financial for Lutherans now owns 376,020 shares of the real estate investment trust’s stock worth $7,903,000 after acquiring an additional 101,597 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in Kimco Realty during the second quarter worth about $259,000. Finally, Advisory Services Network LLC bought a new position in Kimco Realty in the second quarter worth about $777,000. 89.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the firm’s stock in a transaction dated 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 owned 40,260 shares of the company’s stock, valued at $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is currently owned by company insiders.

Kimco Realty Trading Up 1.7%

Shares of NYSE:KIM opened at $20.45 on Thursday. The company has a 50 day moving average of $20.67 and a 200-day moving average of $21.26. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. The firm has a market cap of $13.85 billion, a P/E ratio of 24.63, a P/E/G ratio of 1.43 and a beta of 1.05. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $23.73.

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, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s dividend payout ratio (DPR) is presently 125.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KIM shares. Argus reiterated a “buy” rating and set a $27.00 price target on shares of Kimco Realty in a research report on Monday, December 1st. LADENBURG THALM/SH SH started coverage on Kimco Realty in a research note on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective for the company. Citigroup cut their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Scotiabank reduced their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. One 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.33.

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.