Korea Investment CORP Has $9.84 Million Stock Holdings in Kimco Realty Corporation $KIM

Korea Investment CORP raised its position in Kimco Realty Corporation (NYSE:KIM) by 31.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 467,980 shares of the real estate investment trust’s stock after acquiring an additional 111,200 shares during the period. Korea Investment CORP owned about 0.07% of Kimco Realty worth $9,837,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of 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 purchasing an additional 2,552,276 shares in the last quarter. Geode Capital Management LLC lifted its position in Kimco Realty by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 18,679,552 shares of the real estate investment trust’s stock worth $391,122,000 after buying an additional 260,928 shares in the last quarter. Northern Trust Corp lifted its position in Kimco Realty by 2.8% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kimco Realty by 3.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,021,054 shares of the real estate investment trust’s stock worth $210,643,000 after buying an additional 302,258 shares during the last quarter. Finally, Amundi grew its holdings in shares of Kimco Realty by 54.2% in the 1st quarter. Amundi now owns 9,252,421 shares of the real estate investment trust’s stock valued at $186,646,000 after acquiring an additional 3,253,031 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Up 0.2%

KIM stock opened at $20.66 on Monday. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. The company has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $21.36. 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 data 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. The company had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Equities analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 5.0%. Kimco Realty’s dividend payout ratio (DPR) is currently 125.30%.

Insider Buying and Selling at Kimco Realty

In other news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $21.66, for a total transaction of $500,346.00. Following the transaction, the director owned 40,260 shares in the company, valued at approximately $872,031.60. This trade represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI upped their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 8th. Barclays upped their price objective on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Scotiabank cut their price objective on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Friday. Finally, Piper Sandler dropped their price target on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.27.

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.