B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 56,124 shares of the real estate investment trust's stock, valued at approximately $1,303,000.
A number of other institutional investors also recently modified their holdings of KIM. O Shaughnessy Asset Management LLC lifted its holdings in shares of Kimco Realty by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 66,563 shares of the real estate investment trust's stock worth $1,305,000 after buying an additional 3,164 shares in the last quarter. 1832 Asset Management L.P. grew its position in Kimco Realty by 238.9% during the first quarter. 1832 Asset Management L.P. now owns 1,431,356 shares of the real estate investment trust's stock worth $28,069,000 after buying an additional 1,008,956 shares in the last quarter. Lazard Asset Management LLC increased its stake in Kimco Realty by 47.2% in the 1st quarter. Lazard Asset Management LLC now owns 30,398 shares of the real estate investment trust's stock worth $595,000 after acquiring an additional 9,748 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Kimco Realty in the 1st quarter valued at about $2,841,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Kimco Realty by 30.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust's stock valued at $114,659,000 after acquiring an additional 1,381,490 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
KIM has been the topic of a number of recent analyst reports. 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 research note on Monday, August 26th. Raymond James raised shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target on the stock in a research note on Friday, August 16th. Evercore ISI boosted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Mizuho lowered shares of Kimco Realty from an "outperform" rating to a "neutral" rating and increased their target price for the company from $20.00 to $23.00 in a report on Monday, August 19th. Finally, Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.14.
View Our Latest Stock Analysis on Kimco Realty
Kimco Realty Stock Up 0.2 %
NYSE:KIM traded up $0.06 during mid-day trading on Friday, hitting $25.37. 2,903,330 shares of the company's stock were exchanged, compared to its average volume of 4,222,677. The company has a market cap of $17.10 billion, a PE ratio of 46.13, a P/E/G ratio of 3.32 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.46. The business has a fifty day moving average price of $23.93 and a 200 day moving average price of $21.75.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million during the quarter, compared to analysts' expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. Equities analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.
Kimco Realty Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.25 dividend. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.94%. Kimco Realty's payout ratio is presently 174.55%.
Kimco Realty Profile
(
Free Report)
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.
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