Healthcare of Ontario Pension Plan Trust Fund Buys 338,000 Shares of Kimco Realty Corp (NYSE:KIM)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 412.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,000 shares of the real estate investment trust's stock after acquiring an additional 338,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.06% of Kimco Realty worth $9,752,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KIM. Townsquare Capital LLC grew its position in Kimco Realty by 22.1% in the 3rd quarter. Townsquare Capital LLC now owns 13,082 shares of the real estate investment trust's stock worth $304,000 after purchasing an additional 2,370 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Kimco Realty by 44.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 771,268 shares of the real estate investment trust's stock worth $17,909,000 after buying an additional 235,623 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Kimco Realty in the third quarter worth $37,000. FMR LLC increased its position in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after acquiring an additional 1,283,352 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Kimco Realty by 5.3% in the third quarter. Swedbank AB now owns 555,094 shares of the real estate investment trust's stock valued at $12,889,000 after acquiring an additional 28,109 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Price Performance

KIM stock traded down $0.21 during midday trading on Friday, hitting $25.57. The company's stock had a trading volume of 4,561,083 shares, compared to its average volume of 4,561,608. 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 12 month low of $17.57 and a 12 month high of $25.83. The company has a 50 day moving average of $24.14 and a two-hundred day moving average of $22.00. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results 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 the consensus estimate 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 was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 EPS. On average, analysts expect that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. Kimco Realty's payout ratio is 181.82%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. The Goldman Sachs Group upped their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the company a "neutral" rating in a report on Thursday, September 12th. Piper Sandler reiterated 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. Argus upgraded Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. Finally, Raymond James upgraded Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 target price on the stock in a research report on Friday, August 16th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.50.

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.