Lecap Asset Management Ltd. Raises Stock Position in Kimco Realty Corporation $KIM

Lecap Asset Management Ltd. raised its position in Kimco Realty Corporation (NYSE:KIM) by 78.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,954 shares of the real estate investment trust’s stock after purchasing an additional 28,987 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Kimco Realty were worth $1,441,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KIM. HB Wealth Management LLC purchased a new position in Kimco Realty in the third quarter worth approximately $258,000. Caldwell Trust Co lifted its stake in shares of Kimco Realty by 832.9% in the 3rd quarter. Caldwell Trust Co now owns 47,411 shares of the real estate investment trust’s stock valued at $1,036,000 after purchasing an additional 42,329 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Kimco Realty by 0.4% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 627,400 shares of the real estate investment trust’s stock worth $13,709,000 after purchasing an additional 2,400 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Kimco Realty by 72.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,697,289 shares of the real estate investment trust’s stock worth $37,086,000 after purchasing an additional 710,741 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Kimco Realty by 195.4% in the 3rd quarter. D.A. Davidson & CO. now owns 49,657 shares of the real estate investment trust’s stock valued at $1,085,000 after buying an additional 32,847 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $20.31 on Thursday. The firm has a 50 day moving average of $20.33 and a two-hundred day moving average of $21.21. The stock has a market capitalization of $13.76 billion, a PE ratio of 24.47, a P/E/G ratio of 1.42 and a beta of 1.05. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.77. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $23.65.

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 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 return on equity of 5.60% and a net margin of 28.24%.The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. On average, research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. Kimco Realty’s dividend payout ratio (DPR) is 125.30%.

Analyst Ratings Changes

Several brokerages have weighed in on KIM. Wall Street Zen lowered shares of Kimco Realty from a “hold” rating to a “sell” rating in a research note on Sunday, December 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kimco Realty in a research report on Wednesday, October 8th. Citigroup cut their target price on Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 3rd. Wells Fargo & Company decreased their price target on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Finally, Barclays raised their price target on Kimco Realty from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.21.

About Kimco Realty

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.