Voya Investment Management LLC Has $3.15 Million Stake in Kimco Realty Corporation $KIM

Voya Investment Management LLC lessened its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 23.8% during the third quarter, HoldingsChannel.com reports. The firm owned 144,300 shares of the real estate investment trust’s stock after selling 45,126 shares during the quarter. Voya Investment Management LLC’s holdings in Kimco Realty were worth $3,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KIM. Kestra Advisory Services LLC raised its position in shares of Kimco Realty by 15.6% in the first quarter. Kestra Advisory Services LLC now owns 130,690 shares of the real estate investment trust’s stock valued at $2,776,000 after buying an additional 17,611 shares in the last quarter. AlphaQuest LLC acquired a new stake in Kimco Realty during the first quarter worth approximately $29,000. Jump Financial LLC bought a new position in Kimco Realty during the 1st quarter worth $261,000. Walleye Capital LLC raised its holdings in Kimco Realty by 36.6% in the 1st quarter. Walleye Capital LLC now owns 13,599 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 3,646 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Kimco Realty by 25.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 107,681 shares of the real estate investment trust’s stock valued at $2,287,000 after acquiring an additional 22,087 shares during the period. 89.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KIM shares. Argus restated a “buy” rating and issued a $27.00 price target on shares of Kimco Realty in a research report on Monday, December 1st. Scotiabank reduced their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Barclays upped their price target on shares of Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.33.

Insider Activity

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

Kimco Realty Stock Performance

Kimco Realty stock opened at $20.37 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.77. The stock has a market cap of $13.79 billion, a PE ratio of 24.54, a P/E/G ratio of 1.46 and a beta of 1.05. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $23.71. The business’s 50-day moving average price is $20.62 and its two-hundred day moving average price is $21.25.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $535.86 million during the quarter, compared to analysts’ expectations of $522.31 million. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.1%. Kimco Realty’s payout ratio is presently 125.30%.

Kimco Realty Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.