Catalyst Capital Advisors LLC Purchases Shares of 3,627 Kimco Realty Corporation $KIM

Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM) in the second quarter, HoldingsChannel reports. The institutional investor purchased 3,627 shares of the real estate investment trust’s stock, valued at approximately $76,000.

A number of other large investors have also made changes to their positions in the company. Compound Planning Inc. grew its stake 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 period. GF Fund Management CO. LTD. grew its stake in shares of Kimco Realty by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 517 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Kimco Realty by 0.9% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 530 shares during the period. Horizon Investments LLC grew its stake in shares of Kimco Realty by 6.4% during the 1st quarter. Horizon Investments LLC now owns 9,926 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 600 shares during the period. Finally, Naviter Wealth LLC grew its stake in shares of Kimco Realty by 1.4% during the 1st quarter. Naviter Wealth LLC now owns 46,155 shares of the real estate investment trust’s stock valued at $966,000 after purchasing an additional 640 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KIM. Wall Street Zen raised Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Barclays lifted their price objective on Kimco Realty from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. LADENBURG THALM/SH SH began coverage on Kimco Realty in a research report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research report on Saturday. Finally, Wells Fargo & Company began coverage on Kimco Realty in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.92.

Insider Activity

In other news, Director Mary Hogan Preusse sold 23,100 shares of the company’s 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 sale, the director directly owned 40,260 shares of the company’s stock, valued at $872,031.60. This represents a 36.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Kimco Realty Stock Up 0.5%

NYSE KIM opened at $22.34 on Friday. The stock’s 50 day moving average is $21.93 and its 200 day moving average is $21.34. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The stock has a market cap of $15.13 billion, a PE ratio of 26.91, a P/E/G ratio of 1.62 and a beta of 1.30.

Kimco Realty (NYSE:KIM) last issued 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. The business had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were issued 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 was Friday, September 5th. Kimco Realty’s dividend payout ratio is 120.48%.

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.