Xponance Inc. Sells 2,617 Shares of Kimco Realty Corp (NYSE:KIM)

Xponance Inc. cut its holdings in Kimco Realty Corp (NYSE:KIM) by 2.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 96,143 shares of the real estate investment trust’s stock after selling 2,617 shares during the quarter. Xponance Inc.’s holdings in Kimco Realty were worth $1,871,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Kimco Realty by 1.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 522 shares during the period. Cascade Investment Advisors Inc. raised its position in shares of Kimco Realty by 1.1% in the second quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 640 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of Kimco Realty by 5.0% in the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 663 shares in the last quarter. Baker Ellis Asset Management LLC boosted its stake in shares of Kimco Realty by 0.5% in the first quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust’s stock valued at $2,545,000 after buying an additional 680 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Down 2.1 %

Shares of KIM stock opened at $22.87 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $15.41 billion, a P/E ratio of 43.14, a P/E/G ratio of 4.03 and a beta of 1.51. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $24.25. The stock’s fifty day simple moving average is $22.54 and its 200 day simple moving average is $20.23.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). The firm had revenue of $500.20 million for the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, sell-side analysts predict that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.20%. The ex-dividend date was Thursday, September 5th. Kimco Realty’s dividend payout ratio is currently 181.13%.

Insider Buying and Selling

In other news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was 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 in the company, valued at $7,389,473.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on KIM. Argus raised Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. Compass Point upped their price objective on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Scotiabank raised their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Robert W. Baird upped their price target on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.55.

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.