Kimco Realty Corp (NYSE:KIM) Holdings Decreased by Bank of Montreal Can

Bank of Montreal Can trimmed its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 660,778 shares of the real estate investment trust's stock after selling 37,215 shares during the quarter. Bank of Montreal Can owned approximately 0.10% of Kimco Realty worth $15,171,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty in the third quarter valued at about $25,000. Blue Trust Inc. increased its position 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 buying an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 773 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Kimco Realty in the third quarter valued at $77,000. Finally, UMB Bank n.a. boosted its stake in shares of Kimco Realty by 112.6% during the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock valued at $66,000 after acquiring an additional 1,787 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded down $0.21 during trading hours on Friday, reaching $25.57. The company's stock had a trading volume of 4,561,083 shares, compared to its average volume of 3,919,251. The stock has a market cap of $17.24 billion, a P/E ratio of 46.49, a price-to-earnings-growth ratio of 3.35 and a beta of 1.50. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The company's 50 day simple moving average is $24.14 and its 200 day simple moving average is $22.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its 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). The company had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. As a group, analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.25 per share. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. Kimco Realty's payout ratio is 174.55%.

Wall Street Analyst Weigh In

KIM has been the topic of a number of recent research reports. Raymond James upgraded shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 target price on the stock in a report on Friday, August 16th. Truist Financial boosted their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Argus upgraded Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. The Goldman Sachs Group raised their price target 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. Finally, UBS Group boosted their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.50.

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.