Naples Global Advisors LLC Has $1.29 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Naples Global Advisors LLC cut its position in Kimco Realty Corp (NYSE:KIM) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,242 shares of the real estate investment trust’s stock after selling 704 shares during the period. Naples Global Advisors LLC’s holdings in Kimco Realty were worth $1,289,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC boosted its stake in Kimco Realty by 1.0% in the second quarter. Murphy Pohlad Asset Management LLC now owns 188,207 shares of the real estate investment trust’s stock worth $3,663,000 after purchasing an additional 1,800 shares in the last quarter. Vanderbilt University increased its holdings in shares of Kimco Realty by 22.2% in the second quarter. Vanderbilt University now owns 73,706 shares of the real estate investment trust’s stock valued at $1,434,000 after purchasing an additional 13,409 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Kimco Realty by 10.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 119,144 shares of the real estate investment trust’s stock worth $2,319,000 after purchasing an additional 11,577 shares during the last quarter. Czech National Bank lifted its holdings in Kimco Realty by 8.5% during the 2nd quarter. Czech National Bank now owns 127,174 shares of the real estate investment trust’s stock worth $2,475,000 after buying an additional 9,965 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Kimco Realty by 8.7% in the 2nd quarter. SG Americas Securities LLC now owns 229,684 shares of the real estate investment trust’s stock valued at $4,470,000 after buying an additional 18,306 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Insider Activity at Kimco Realty

In other news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the completion of the transaction, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

Kimco Realty Trading Up 0.1 %

Shares of KIM traded up $0.02 during trading hours on Friday, reaching $22.29. The stock had a trading volume of 3,074,133 shares, compared to its average volume of 4,816,335. The company has a market cap of $15.03 billion, a P/E ratio of 42.06, a P/E/G ratio of 4.23 and a beta of 1.51. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. The company has a quick ratio of 1.86, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $20.34 and a 200 day moving average of $19.54.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts expect that Kimco Realty Corp will post 1.6 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.31%. Kimco Realty’s payout ratio is presently 181.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KIM shares. Piper Sandler restated an “overweight” rating and set a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. Mizuho cut their target price on shares of Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Truist Financial lowered their price target on shares of Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Monday, May 20th. JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Raymond James raised shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.48.

About Kimco Realty

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.