Kentucky Trust Co Makes New Investment in Kimco Realty Corp (NYSE:KIM)

Kentucky Trust Co purchased a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,924 shares of the real estate investment trust's stock, valued at approximately $889,000.

A number of other large investors have also recently modified their holdings of KIM. Truist Financial Corp boosted its holdings in shares of Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust's stock valued at $724,000 after purchasing an additional 746 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Kimco Realty in the second quarter valued at approximately $274,000. Park Avenue Securities LLC purchased a new stake in shares of Kimco Realty in the third quarter valued at approximately $228,000. CWM LLC lifted its holdings in Kimco Realty by 4.7% during the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust's stock worth $309,000 after buying an additional 595 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Kimco Realty by 302.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,055 shares of the real estate investment trust's stock worth $117,000 after buying an additional 3,800 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

KIM has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 target price for the company. in a report on Friday, December 20th. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Mizuho upped their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Robert W. Baird upped their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.97.

Kimco Realty Stock Performance

Shares of NYSE KIM traded down $0.59 during mid-day trading on Friday, hitting $21.85. The stock had a trading volume of 5,258,357 shares, compared to its average volume of 4,318,381. 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 company has a 50 day moving average of $22.98 and a two-hundred day moving average of $23.37. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The firm has a market cap of $14.73 billion, a PE ratio of 39.72, a PEG ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Research analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's dividend payout ratio is currently 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.