Duff & Phelps Investment Management Co. Has $101.82 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Duff & Phelps Investment Management Co. lowered its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 1.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,384,928 shares of the real estate investment trust's stock after selling 43,576 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.65% of Kimco Realty worth $101,818,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Kimco Realty by 2.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust's stock valued at $73,195,000 after buying an additional 103,861 shares during the period. Point72 DIFC Ltd purchased a new stake in Kimco Realty during the 3rd quarter worth $2,387,000. Victory Capital Management Inc. raised its position in Kimco Realty by 48.8% in the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust's stock valued at $19,422,000 after purchasing an additional 274,295 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kimco Realty by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock valued at $220,131,000 after buying an additional 405,685 shares in the last quarter. Finally, Sei Investments Co. grew its position in Kimco Realty by 71.5% in the second quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock valued at $54,345,000 after acquiring an additional 1,164,029 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KIM shares. The Goldman Sachs Group lifted their price target on Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Compass Point raised their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Mizuho cut shares of Kimco Realty from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $20.00 to $23.00 in a report on Monday, August 19th. Raymond James raised shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price objective for the company in a research report on Friday, August 16th. Finally, Wells Fargo & Company raised their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.50.

Kimco Realty Trading Down 0.6 %

NYSE:KIM traded down $0.14 on Monday, hitting $25.05. 3,109,773 shares of the stock were exchanged, compared to its average volume of 4,521,910. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 45.80, a P/E/G ratio of 3.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The company's 50-day moving average price is $24.33 and its 200 day moving average price is $22.23.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. On average, equities research analysts forecast 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. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's dividend payout ratio (DPR) is 181.82%.

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.