Janus Henderson Group PLC Has $1.65 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Janus Henderson Group PLC reduced its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 97.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,098 shares of the real estate investment trust's stock after selling 2,746,676 shares during the quarter. Janus Henderson Group PLC's holdings in Kimco Realty were worth $1,651,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty during the 3rd quarter worth about $25,000. Brooklyn Investment Group bought a new position in Kimco Realty during the third quarter worth about $37,000. Blue Trust Inc. lifted its stake in 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 during the period. UMB Bank n.a. grew its stake in shares of Kimco Realty by 112.6% in the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 1,787 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Kimco Realty by 378.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust's stock worth $77,000 after buying an additional 3,144 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Trading Up 0.5 %

KIM stock traded up $0.12 during midday trading on Friday, reaching $24.61. The stock had a trading volume of 3,605,849 shares, compared to its average volume of 4,517,431. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 3.20 and a beta of 1.50. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. 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 business has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $22.35.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, research analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.25 dividend. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Thursday, December 5th. Kimco Realty's dividend payout ratio (DPR) is currently 181.82%.

Wall Street Analyst Weigh In

Several analysts recently commented on KIM shares. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. UBS Group upped their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Evercore ISI lifted 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. Scotiabank upped their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday, November 25th. Finally, Mizuho lifted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday. Nine 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.