Kimco Realty Corp (NYSE:KIM) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,871 shares of the real estate investment trust’s stock after selling 1,527 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kimco Realty were worth $1,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its stake in Kimco Realty by 1.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after acquiring an additional 522 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of Kimco Realty by 1.1% during the second quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock valued at $1,110,000 after purchasing an additional 640 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Kimco Realty by 5.0% in the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 663 shares during the period. Baker Ellis Asset Management LLC grew its position in Kimco Realty by 0.5% in the 1st quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust’s stock valued at $2,545,000 after buying an additional 680 shares in the last quarter. Finally, Truist Financial Corp increased its stake in Kimco Realty by 2.0% during the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares during the period. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 0.3 %

KIM stock opened at $22.94 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $15.46 billion, a P/E ratio of 43.28, a P/E/G ratio of 4.03 and a beta of 1.50. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $24.25. The company’s 50 day simple moving average is $22.80 and its 200-day simple moving average is $20.42.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). The firm had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. Kimco Realty’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities research analysts anticipate that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.18%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Insider Activity

In related news, COO David Jamieson sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the transaction, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 16th. The Goldman Sachs Group increased their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Scotiabank upped their price objective on Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $29.00 target price (up from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.55.

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.