Geode Capital Management LLC Has $391.12 Million Stock Position in Kimco Realty Corporation $KIM

Geode Capital Management LLC boosted its position in Kimco Realty Corporation (NYSE:KIM) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,679,552 shares of the real estate investment trust’s stock after buying an additional 260,928 shares during the quarter. Geode Capital Management LLC owned approximately 2.76% of Kimco Realty worth $391,122,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KIM. Quinn Opportunity Partners LLC boosted its holdings in Kimco Realty by 8.5% during the second quarter. Quinn Opportunity Partners LLC now owns 179,581 shares of the real estate investment trust’s stock valued at $3,775,000 after acquiring an additional 14,000 shares during the period. KBC Group NV lifted its position in shares of Kimco Realty by 20.3% during the 2nd quarter. KBC Group NV now owns 757,579 shares of the real estate investment trust’s stock worth $15,924,000 after purchasing an additional 127,873 shares during the last quarter. National Pension Service boosted its stake in Kimco Realty by 30.9% during the 2nd quarter. National Pension Service now owns 34,961 shares of the real estate investment trust’s stock valued at $735,000 after purchasing an additional 8,263 shares during the period. ProShare Advisors LLC boosted its position in shares of Kimco Realty by 0.9% in the second quarter. ProShare Advisors LLC now owns 198,956 shares of the real estate investment trust’s stock valued at $4,182,000 after acquiring an additional 1,736 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Kimco Realty in the 2nd quarter worth $332,000. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KIM shares. LADENBURG THALM/SH SH assumed coverage on Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price objective on the stock. Piper Sandler decreased their price target on Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Scotiabank dropped their price objective on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday. Evercore ISI boosted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 8th. Finally, Wall Street Zen lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and an average price target of $24.27.

Insider Buying and Selling at Kimco Realty

In other news, Director Mary Hogan Preusse sold 23,100 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $872,031.60. This represents a 36.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by insiders.

Kimco Realty Trading Down 0.1%

KIM opened at $20.41 on Friday. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The stock has a market capitalization of $13.82 billion, a PE ratio of 24.59, a PEG ratio of 1.56 and a beta of 1.28. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $21.51 and a two-hundred day moving average price of $21.40.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $535.86 million for the quarter, compared to analysts’ expectations of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. Kimco Realty’s revenue was up 5.6% compared to the same quarter last year. 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. As a group, equities 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 paid a $0.26 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. Kimco Realty’s payout ratio is 125.30%.

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.