Edgestream Partners L.P. Increases Stake in Kimco Realty Corp (NYSE:KIM)

Edgestream Partners L.P. increased its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 35.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,495 shares of the real estate investment trust's stock after purchasing an additional 33,712 shares during the quarter. Edgestream Partners L.P.'s holdings in Kimco Realty were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC increased its position in Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock worth $518,733,000 after buying an additional 1,283,352 shares during the period. APG Asset Management US Inc. lifted its stake in 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 worth $288,155,000 after acquiring an additional 240,000 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock worth $221,740,000 after acquiring an additional 1,193,600 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kimco Realty by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,129,551 shares of the real estate investment trust's stock worth $197,116,000 after purchasing an additional 94,811 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kimco Realty by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock worth $220,131,000 after purchasing an additional 405,685 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 1.4 %

NYSE:KIM traded down $0.35 during mid-day trading on Monday, hitting $25.22. 3,122,682 shares of the stock traded hands, compared to its average volume of 4,555,481. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 3.35 and a beta of 1.50. The firm's 50 day moving average is $24.17 and its two-hundred day moving average is $22.06. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company had revenue of $507.63 million during the quarter, compared to analysts' expectations of $502.78 million. During the same period in the prior year, the business posted $0.40 EPS. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. Kimco Realty's payout ratio is 181.82%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Scotiabank lifted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, November 25th. Truist Financial upped their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a report on Wednesday, August 28th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Finally, Argus raised Kimco Realty to a "strong-buy" rating in a research report on Friday, September 6th. Nine 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

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.