Generate Investment Management Ltd Grows Stock Holdings in Kimco Realty Corporation $KIM

Generate Investment Management Ltd boosted its stake in Kimco Realty Corporation (NYSE:KIM) by 58.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 619,023 shares of the real estate investment trust’s stock after acquiring an additional 228,042 shares during the period. Generate Investment Management Ltd’s holdings in Kimco Realty were worth $13,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC acquired a new position in Kimco Realty during the first quarter worth about $261,000. EP Wealth Advisors LLC purchased a new position in shares of Kimco Realty during the first quarter valued at approximately $211,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Kimco Realty during the 2nd quarter valued at about $13,358,000. D.A. Davidson & CO. raised its stake in Kimco Realty by 71.0% during the second quarter. D.A. Davidson & CO. now owns 16,810 shares of the real estate investment trust’s stock worth $353,000 after purchasing an additional 6,982 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Kimco Realty in the 2nd quarter worth $332,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. LADENBURG THALM/SH SH started coverage on shares of Kimco Realty in a research report on Tuesday, September 9th. They set a “buy” rating and a $27.00 target price for the company. Wall Street Zen downgraded Kimco Realty from a “hold” rating to a “sell” rating in a report on Sunday. Scotiabank decreased their price objective on shares of Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Wells Fargo & Company cut their price target on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.33.

Kimco Realty Stock Performance

NYSE:KIM opened at $20.37 on Wednesday. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $23.65. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $13.79 billion, a PE ratio of 24.54, a PEG ratio of 1.45 and a beta of 1.05. The firm’s fifty day simple moving average is $20.55 and its 200 day simple moving average is $21.24.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million for the quarter, compared to analyst estimates of $522.31 million. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. Kimco Realty’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current 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 issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.1%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is 125.30%.

Kimco Realty Company 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.