Swedbank AB Raises Holdings in Kimco Realty Corp (NYSE:KIM)

Swedbank AB raised its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 555,094 shares of the real estate investment trust's stock after acquiring an additional 28,109 shares during the period. Swedbank AB owned approximately 0.08% of Kimco Realty worth $12,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Kimco Realty by 4.5% in the third 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 during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Kimco Realty in the 3rd quarter worth about $1,303,000. Quest Partners LLC lifted its holdings in Kimco Realty by 415,100.0% during the 3rd quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 4,151 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Kimco Realty by 2.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust's stock valued at $6,005,000 after buying an additional 5,624 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Kimco Realty by 9.0% in the 3rd quarter. CIBC Asset Management Inc now owns 98,636 shares of the real estate investment trust's stock worth $2,290,000 after acquiring an additional 8,170 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Down 0.3 %

KIM stock opened at $25.46 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The firm's fifty day simple moving average is $24.00 and its 200-day simple moving average is $21.88. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.58. The company has a market capitalization of $17.16 billion, a P/E ratio of 46.29, a price-to-earnings-growth ratio of 3.34 and a beta of 1.50.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly 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). The company had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, equities research analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. The ex-dividend date 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 3.93%. Kimco Realty's payout ratio is presently 174.55%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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 report on Tuesday, November 12th. Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target on the stock in a research report on Friday, August 16th. Piper Sandler restated an "overweight" rating and set a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Finally, Scotiabank upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday. Nine 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 stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and an average target price of $24.33.

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.