Invst LLC Has $802,000 Position in Kimco Realty Corp (NYSE:KIM)

Invst LLC trimmed its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,537 shares of the real estate investment trust’s stock after selling 786 shares during the period. Invst LLC’s holdings in Kimco Realty were worth $802,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KIM. State Street Corp boosted its position in Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock valued at $1,048,797,000 after purchasing an additional 882,047 shares during the last quarter. FMR LLC increased its position in shares of Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kimco Realty by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after purchasing an additional 53,378 shares in the last quarter. APG Asset Management US Inc. boosted its holdings in shares of Kimco Realty by 1.6% in the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust’s stock valued at $288,155,000 after buying an additional 240,000 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Kimco Realty by 11.7% in the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock valued at $221,740,000 after buying an additional 1,193,600 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $24.75 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 45.00, a P/E/G ratio of 3.30 and a beta of 1.50. The stock’s fifty day moving average price is $24.40 and its two-hundred day moving average price is $22.32. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. During the same quarter last year, the company posted $0.40 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.04%. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KIM shares. UBS Group upped their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company upped their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. The Goldman Sachs Group upped their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Compass Point lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

Kimco Realty 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.