Charles Schwab Investment Management Inc. Raises Holdings in Kimco Realty Corp (NYSE:KIM)

Charles Schwab Investment Management Inc. grew its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,480,254 shares of the real estate investment trust's stock after purchasing an additional 405,685 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.41% of Kimco Realty worth $220,131,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KIM. APG Asset Management US Inc. raised its holdings in Kimco Realty by 1.6% during the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust's stock worth $288,155,000 after buying an additional 240,000 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Kimco Realty by 11.7% during the 2nd 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 acquiring an additional 1,193,600 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Kimco Realty by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 10,129,551 shares of the real estate investment trust's stock valued at $197,116,000 after purchasing an additional 94,811 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Kimco Realty by 43.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock worth $154,583,000 after buying an additional 2,400,752 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Kimco Realty by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,091,159 shares of the real estate investment trust's stock worth $118,534,000 after acquiring an additional 58,558 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KIM shares. JPMorgan Chase & Co. upped their price target on Kimco Realty from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Robert W. Baird upped their target price 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. 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. Scotiabank lifted their target price on Kimco Realty from $21.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Finally, Argus raised Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.14.

Kimco Realty Price Performance

NYSE KIM traded up $0.06 on Friday, reaching $25.37. The company had a trading volume of 2,903,330 shares, compared to its average volume of 4,222,677. The firm's 50 day moving average price is $23.93 and its 200 day moving average price is $21.77. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.46. The stock has a market capitalization of $17.10 billion, a PE ratio of 46.13, a price-to-earnings-growth ratio of 3.32 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share 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 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 revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, equities analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 5th. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.94%. Kimco Realty's dividend payout ratio (DPR) is 174.55%.

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.