NTV Asset Management LLC Sells 15,180 Shares of Kimco Realty Corporation $KIM

NTV Asset Management LLC lessened its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 29.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,935 shares of the real estate investment trust’s stock after selling 15,180 shares during the quarter. NTV Asset Management LLC’s holdings in Kimco Realty were worth $755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KIM. Sentry Investment Management LLC bought a new position in shares of Kimco Realty during the 1st quarter worth approximately $45,000. First Citizens Bank & Trust Co. increased its holdings in Kimco Realty by 2.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 102,997 shares of the real estate investment trust’s stock valued at $2,188,000 after purchasing an additional 2,686 shares in the last quarter. Vert Asset Management LLC increased its holdings in Kimco Realty by 6.0% during the 1st quarter. Vert Asset Management LLC now owns 315,773 shares of the real estate investment trust’s stock valued at $6,707,000 after purchasing an additional 17,966 shares in the last quarter. Ibex Wealth Advisors increased its holdings in Kimco Realty by 10.4% during the 1st quarter. Ibex Wealth Advisors now owns 13,113 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 1,236 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Kimco Realty by 3,689.2% during the 1st quarter. SG Americas Securities LLC now owns 709,410 shares of the real estate investment trust’s stock valued at $15,068,000 after purchasing an additional 690,688 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $21.48 on Friday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The stock’s 50-day moving average is $21.80 and its 200-day moving average is $21.21. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $525.18 million for the quarter, compared to analyst estimates of $524.75 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 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. Kimco Realty’s payout ratio is currently 120.48%.

Analyst Ratings Changes

A number of research firms recently weighed in on KIM. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Barclays raised their price target on Kimco Realty from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Mizuho lifted their target price on Kimco Realty from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. LADENBURG THALM/SH SH began coverage on Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and an average target price of $24.85.

Insider Activity

In related news, Director Mary Hogan Preusse sold 23,100 shares of Kimco Realty stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the sale, the director owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.