Baker Ellis Asset Management LLC Raises Position in Kimco Realty Corporation $KIM

Baker Ellis Asset Management LLC grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,695 shares of the real estate investment trust’s stock after purchasing an additional 1,350 shares during the period. Baker Ellis Asset Management LLC’s holdings in Kimco Realty were worth $2,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Compound Planning Inc. lifted its holdings in shares of Kimco Realty by 3.4% during the 1st 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. raised its stake in Kimco Realty by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust’s stock worth $271,000 after acquiring an additional 517 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Kimco Realty by 0.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust’s stock worth $1,239,000 after acquiring an additional 530 shares during the last quarter. Horizon Investments LLC raised its stake in Kimco Realty by 6.4% in the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 600 shares during the last quarter. Finally, Naviter Wealth LLC raised its stake in Kimco Realty by 1.4% in the 1st quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust’s stock worth $966,000 after acquiring an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE:KIM opened at $22.41 on Monday. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $15.17 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The stock’s 50-day moving average price is $21.74 and its 200-day moving average price is $21.15.

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

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty’s payout ratio is presently 120.48%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a research note on Tuesday, September 9th. They issued a “buy” rating and a $27.00 target price for the company. Piper Sandler reduced their target price on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Barclays raised their target price on Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Finally, Mizuho raised their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus price target of $24.85.

Kimco Realty 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.