Kimco Realty Corporation $KIM Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. cut its stake in Kimco Realty Corporation (NYSE:KIM) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,131 shares of the real estate investment trust’s stock after selling 1,032 shares during the period. Linscomb Wealth Inc.’s holdings in Kimco Realty were worth $823,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in Kimco Realty by 14.7% in the first quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust’s stock worth $423,441,000 after buying an additional 2,552,276 shares during the period. Northern Trust Corp increased its position in Kimco Realty by 2.8% in the first quarter. Northern Trust Corp now owns 10,590,796 shares of the real estate investment trust’s stock worth $224,949,000 after buying an additional 285,824 shares during the period. Charles Schwab Investment Management Inc. increased its position in Kimco Realty by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust’s stock worth $206,427,000 after buying an additional 137,249 shares during the period. Amundi increased its position in Kimco Realty by 54.2% in the first quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock worth $186,646,000 after buying an additional 3,253,031 shares during the period. Finally, Centersquare Investment Management LLC increased its position in Kimco Realty by 8.9% in the first quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust’s stock worth $191,170,000 after buying an additional 733,514 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

KIM has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. Piper Sandler lowered their price target on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Saturday. LADENBURG THALM/SH SH assumed coverage on shares of Kimco Realty in a research note on Tuesday, September 9th. They set a “buy” rating and a $27.00 target price on the stock. Finally, Barclays boosted their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.92.

Kimco Realty Trading Down 1.4%

Shares of KIM stock opened at $20.71 on Friday. The stock has a 50-day simple moving average of $21.91 and a 200 day simple moving average of $21.38. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The stock has a market capitalization of $14.02 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.56 and a beta of 1.30. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $535.86 million during the quarter, compared to analysts’ expectations of $522.31 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, sell-side analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a dividend of $0.26 per share. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is 120.48%.

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.