BNP Paribas Financial Markets Acquires 235,623 Shares of Kimco Realty Corp (NYSE:KIM)

BNP Paribas Financial Markets lifted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 44.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 771,268 shares of the real estate investment trust's stock after purchasing an additional 235,623 shares during the period. BNP Paribas Financial Markets owned approximately 0.11% of Kimco Realty worth $17,909,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KIM. Catalyst Capital Advisors LLC acquired a new position in shares of Kimco Realty during the third quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty during the third quarter worth approximately $37,000. Blue Trust Inc. raised its stake in shares of Kimco Realty by 613.5% during the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,816 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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 during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Kimco Realty by 112.6% during the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock worth $66,000 after buying an additional 1,787 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KIM has been the subject of several research reports. Mizuho downgraded shares of Kimco Realty from an "outperform" rating to a "neutral" rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Scotiabank raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday, November 25th. Compass Point raised their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Wells Fargo & Company raised their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Finally, 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 report on Friday, August 16th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.50.

Kimco Realty Trading Down 0.8 %

NYSE:KIM traded down $0.21 during mid-day trading on Friday, hitting $25.57. 4,561,083 shares of the company's stock were exchanged, compared to its average volume of 3,919,251. The firm has a market capitalization of $17.24 billion, a P/E ratio of 46.49, a PEG ratio of 3.35 and a beta of 1.50. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $22.00.

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

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.25 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.91%. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's payout ratio is 174.55%.

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.