Kimco Realty Corp (NYSE:KIM) Stock Holdings Lowered by ING Groep NV

ING Groep NV cut its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 40.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,756 shares of the real estate investment trust's stock after selling 102,747 shares during the period. ING Groep NV's holdings in Kimco Realty were worth $3,477,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Kimco Realty in the 1st quarter valued at about $200,043,000. Vanguard Group Inc. lifted its holdings in Kimco Realty by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust's stock worth $2,162,347,000 after buying an additional 7,931,013 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Kimco Realty by 3,711.4% during the 1st quarter. Janus Henderson Group PLC now owns 2,828,917 shares of the real estate investment trust's stock worth $55,462,000 after buying an additional 2,754,695 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Kimco Realty by 43.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock valued at $154,583,000 after acquiring an additional 2,400,752 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Kimco Realty by 30.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust's stock valued at $114,659,000 after acquiring an additional 1,381,490 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Performance

KIM stock opened at $24.89 on Friday. The company has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $21.53. The company has a market capitalization of $16.78 billion, a P/E ratio of 45.25, a PEG ratio of 3.29 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 Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.19.

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 (EPS) 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 company had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. During the same quarter last year, the business earned $0.40 earnings per share. The company's revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, December 5th. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's payout ratio is currently 174.55%.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of research reports. Mizuho downgraded shares of Kimco Realty from an "outperform" rating to a "neutral" rating and lifted their price objective for the stock from $20.00 to $23.00 in a report on Monday, August 19th. UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Piper Sandler reissued an "overweight" rating and issued a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Evercore ISI upped their target price on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. increased their price target on Kimco Realty from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.14.

About Kimco Realty

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.