Stifel Financial Corp Sells 24,455 Shares of Kimco Realty Corp (NYSE:KIM)

Stifel Financial Corp lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 25.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,117 shares of the real estate investment trust's stock after selling 24,455 shares during the period. Stifel Financial Corp's holdings in Kimco Realty were worth $1,675,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KIM. Catalyst Capital Advisors LLC bought a new position in Kimco Realty in the third quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in Kimco Realty in the 3rd quarter valued at $37,000. Blue Trust Inc. boosted its stake in Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 1,816 shares during the period. Quarry LP bought a new position in Kimco Realty during the 3rd quarter worth about $51,000. Finally, UMB Bank n.a. raised its stake in shares of Kimco Realty by 112.6% in the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 1,787 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

NYSE:KIM traded up $0.41 on Friday, hitting $23.42. The company's stock had a trading volume of 9,672,418 shares, compared to its average volume of 4,532,981. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The firm has a market capitalization of $15.79 billion, a P/E ratio of 42.58, a price-to-earnings-growth ratio of 3.20 and a beta of 1.50. The stock has a fifty day moving average of $24.57 and a two-hundred day moving average of $22.56. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly 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). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. During the same quarter last year, the company posted $0.40 EPS. The firm's revenue was up 13.8% on a year-over-year basis. Research analysts predict 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 was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's dividend payout ratio is 181.82%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KIM. JPMorgan Chase & Co. cut Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price objective for the company. in a research report on Friday. Argus raised Kimco Realty to a "strong-buy" rating in a research report on Friday, September 6th. Evercore ISI lifted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a report on Monday, September 16th. Scotiabank increased their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, November 25th. Finally, Compass Point lifted their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.83.

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.