Franklin Resources Inc. Has $7.25 Million Stake in Kimco Realty Corp (NYSE:KIM)

Franklin Resources Inc. lowered its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,726 shares of the real estate investment trust's stock after selling 31,060 shares during the quarter. Franklin Resources Inc.'s holdings in Kimco Realty were worth $7,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Kimco Realty by 2.0% during the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. FMR LLC lifted 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 worth $518,733,000 after purchasing an additional 1,283,352 shares during the period. Geode Capital Management LLC grew its stake in Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock worth $398,468,000 after buying an additional 53,378 shares in the last quarter. APG Asset Management US Inc. increased its holdings in Kimco Realty by 1.6% in the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust's stock valued at $288,155,000 after buying an additional 240,000 shares during the period. Finally, Canada Pension Plan Investment Board raised 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 valued at $221,740,000 after buying an additional 1,193,600 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Up 0.0 %

NYSE KIM traded up $0.01 during trading hours on Monday, reaching $23.43. The company's stock had a trading volume of 3,739,776 shares, compared to its average volume of 4,529,770. 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 current ratio of 3.59 and a quick ratio of 3.59. The stock has a market cap of $15.79 billion, a P/E ratio of 42.60, a P/E/G ratio of 3.20 and a beta of 1.50. The firm has a fifty day simple moving average of $24.57 and a 200-day simple moving average of $22.64.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). The business 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%. Kimco Realty's revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. Equities analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.25 dividend. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. Kimco Realty's dividend payout ratio is presently 181.82%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KIM shares. JPMorgan Chase & Co. lowered shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target on the stock. in a research report on Friday. Compass Point raised their target price on Kimco Realty from $25.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Mizuho lifted their price target on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Scotiabank upped their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group lifted their target price on Kimco Realty from $20.00 to $22.50 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.83.

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.