Kimco Realty Corporation $KIM Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its stake in shares of Kimco Realty Corporation (NYSE:KIM) by 570.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,677 shares of the real estate investment trust’s stock after purchasing an additional 68,646 shares during the quarter. Wolverine Asset Management LLC’s holdings in Kimco Realty were worth $1,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. grew its stake in Kimco Realty by 7.4% during the 2nd quarter. Assetmark Inc. now owns 61,820 shares of the real estate investment trust’s stock worth $1,299,000 after purchasing an additional 4,238 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its stake in Kimco Realty by 58.2% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 407,692 shares of the real estate investment trust’s stock worth $8,570,000 after purchasing an additional 150,000 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Kimco Realty by 21.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 201,092 shares of the real estate investment trust’s stock worth $4,227,000 after purchasing an additional 35,238 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Kimco Realty by 4.1% during the 2nd quarter. Wealthfront Advisers LLC now owns 144,870 shares of the real estate investment trust’s stock worth $3,045,000 after purchasing an additional 5,755 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in Kimco Realty by 36.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 47,861 shares of the real estate investment trust’s stock worth $1,006,000 after purchasing an additional 12,700 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimco Realty

In other news, Director Mary Hogan Preusse sold 23,100 shares of the business’s 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 completion of the sale, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. The trade was a 36.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 1.4%

NYSE:KIM opened at $20.71 on Friday. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92. The stock has a market cap 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 stock has a 50-day simple moving average of $21.91 and a 200-day simple moving average of $21.38.

Kimco Realty (NYSE:KIM) last posted 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 the consensus estimate of $522.31 million. During the same period in the previous year, the business earned $0.43 EPS. The business’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. As a group, analysts anticipate 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. Stockholders of record on Friday, December 5th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s dividend payout ratio (DPR) is presently 120.48%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KIM. Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Wall Street Zen cut Kimco Realty from a “hold” rating to a “sell” rating in a research report on Saturday. Evercore ISI upped their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. Wells Fargo & Company began coverage on Kimco Realty in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. One equities research 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 company’s stock. According to MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $24.92.

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.