Daiwa Securities Group Inc. Boosts Position in Kimco Realty Corporation $KIM

Daiwa Securities Group Inc. raised its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,132,059 shares of the real estate investment trust’s stock after acquiring an additional 924,761 shares during the period. Kimco Realty makes up about 0.9% of Daiwa Securities Group Inc.’s portfolio, making the stock its 25th biggest position. Daiwa Securities Group Inc. owned about 1.79% of Kimco Realty worth $255,016,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KIM. Cetera Investment Advisers lifted its position in Kimco Realty by 94.0% during the first quarter. Cetera Investment Advisers now owns 63,327 shares of the real estate investment trust’s stock valued at $1,345,000 after purchasing an additional 30,683 shares during the period. LPL Financial LLC raised its stake in shares of Kimco Realty by 33.3% during the 1st quarter. LPL Financial LLC now owns 176,215 shares of the real estate investment trust’s stock valued at $3,743,000 after buying an additional 44,010 shares during the last quarter. Citigroup Inc. raised its stake in shares of Kimco Realty by 65.8% during the 1st quarter. Citigroup Inc. now owns 1,159,908 shares of the real estate investment trust’s stock valued at $24,636,000 after buying an additional 460,436 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Kimco Realty by 56.3% in the 1st quarter. National Bank of Canada FI now owns 512,262 shares of the real estate investment trust’s stock valued at $10,880,000 after buying an additional 184,616 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of Kimco Realty by 370.0% in the first quarter. Wolverine Asset Management LLC now owns 12,031 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 9,471 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Price Performance

Kimco Realty stock opened at $19.78 on Tuesday. The stock has a market capitalization of $13.39 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.44 and a beta of 1.05. The company’s fifty day moving average price is $20.96 and its 200 day moving average price is $21.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.19.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a net margin of 28.24% and a return on equity of 5.60%. The business had revenue of $535.86 million for the quarter, compared to the consensus estimate of $522.31 million. During the same period last year, the firm posted $0.43 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s payout ratio is presently 125.30%.

Insider Buying and Selling

In other Kimco Realty news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction that occurred 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 completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KIM shares. Scotiabank reduced their price target on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH began coverage on shares of Kimco Realty in a report on Tuesday, September 9th. They set a “buy” rating and a $27.00 price target on the stock. Evercore ISI raised their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, September 8th. Finally, Wells Fargo & Company initiated coverage on shares of Kimco Realty in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $23.00 price objective for the company. One research 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 stock. Based on data from MarketBeat, Kimco Realty currently has an average rating of “Hold” and an average price target of $24.50.

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.