Barclays PLC Increases Position in Kimco Realty Corp (NYSE:KIM)

Barclays PLC raised its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 14.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,848,159 shares of the real estate investment trust's stock after acquiring an additional 231,606 shares during the quarter. Barclays PLC owned approximately 0.27% of Kimco Realty worth $42,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after purchasing an additional 5,598,091 shares in the last quarter. Massachusetts Financial Services Co. MA boosted 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 buying an additional 2,400,752 shares in the last quarter. FMR LLC grew its position in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock worth $518,733,000 after buying an additional 1,283,352 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock worth $221,740,000 after buying an additional 1,193,600 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Kimco Realty by 71.5% during the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock worth $54,345,000 after acquiring an additional 1,164,029 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded up $0.12 during trading on Friday, hitting $24.61. 3,605,849 shares of the company's stock were exchanged, compared to its average volume of 4,517,431. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. 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 capitalization of $16.59 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 3.20 and a beta of 1.50. The business has a 50-day simple moving average of $24.47 and a 200-day simple moving average of $22.35.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). The company had revenue of $507.63 million for the quarter, compared to analysts' expectations of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. On average, research analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

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

Wall Street Analyst Weigh In

KIM has been the topic of several analyst reports. Argus raised shares of Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Compass Point upped their target price on Kimco Realty from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Scotiabank boosted their price target on 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, Truist Financial increased their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.