Kimco Realty Corp (NYSE:KIM) Stock Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,215,209 shares of the real estate investment trust's stock after acquiring an additional 53,378 shares during the period. Geode Capital Management LLC owned approximately 2.55% of Kimco Realty worth $398,468,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Kimco Realty by 10.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 119,144 shares of the real estate investment trust's stock valued at $2,319,000 after acquiring an additional 11,577 shares during the period. Blue Trust Inc. lifted 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 purchasing an additional 1,816 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Kimco Realty by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust's stock worth $73,195,000 after purchasing an additional 103,861 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Kimco Realty by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 447,010 shares of the real estate investment trust's stock worth $8,699,000 after buying an additional 1,474 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in shares of Kimco Realty by 10.9% in the second quarter. First Citizens Bank & Trust Co. now owns 114,448 shares of the real estate investment trust's stock valued at $2,227,000 after buying an additional 11,211 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

Shares of NYSE KIM traded up $0.12 during trading on Friday, reaching $24.61. The stock had a trading volume of 4,224,304 shares, compared to its average volume of 4,517,431. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a market cap of $16.59 billion, a PE ratio of 44.75, a P/E/G ratio of 3.20 and a beta of 1.50. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The firm's 50 day moving average price is $24.50 and its two-hundred day moving average price is $22.43.

Kimco Realty (NYSE:KIM - Get Free Report) last released its 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). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same quarter in the previous year, the firm earned $0.40 EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. On average, research analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal 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 paid a $0.25 dividend. 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 4.06%. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty's payout ratio is presently 181.82%.

Analyst Ratings Changes

Several research firms recently commented on KIM. UBS Group boosted their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Compass Point boosted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Evercore ISI raised their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company boosted their price objective 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. Finally, Mizuho upped their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus price target of $24.70.

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.