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Vestcor Inc Reduces Holdings in Kimco Realty Corp (NYSE:KIM)

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Vestcor Inc lessened its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 48.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,358 shares of the real estate investment trust's stock after selling 81,290 shares during the quarter. Vestcor Inc's holdings in Kimco Realty were worth $1,982,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in Kimco Realty in the third quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty in the 3rd quarter valued at $37,000. Blue Trust Inc. grew its holdings in shares of Kimco Realty by 613.5% during 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 acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $51,000. Finally, UMB Bank n.a. raised its holdings in 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 buying an additional 1,787 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KIM shares. Argus raised shares of Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. Compass Point raised their price target on Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, September 10th. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. 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. Finally, Mizuho increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Tuesday. 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. According to data from MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus price target of $24.70.

View Our Latest Stock Report on KIM

Kimco Realty Stock Up 0.2 %

Shares of Kimco Realty stock traded up $0.04 during trading on Thursday, hitting $24.49. 2,882,465 shares of the stock were exchanged, compared to its average volume of 4,518,691. 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 firm's 50-day moving average price is $24.47 and its 200 day moving average price is $22.35. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of 3.30 and a beta of 1.50. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business had revenue of $507.63 million for the quarter, compared to analysts' expectations of $502.78 million. During the same period last year, the firm earned $0.40 earnings per share. The firm's quarterly revenue was up 13.8% on a year-over-year basis. As a group, 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 will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.25 dividend. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, December 5th. Kimco Realty's dividend payout ratio is currently 181.82%.

Kimco Realty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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