UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 5,598,091 Shares of Kimco Realty Corp (NYSE:KIM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 842.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,262,687 shares of the real estate investment trust's stock after buying an additional 5,598,091 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.93% of Kimco Realty worth $145,420,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KIM. Massachusetts Financial Services Co. MA grew its stake in shares of Kimco Realty by 43.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust's stock worth $154,583,000 after purchasing an additional 2,400,752 shares during the last quarter. FMR LLC boosted its position in Kimco Realty by 6.1% during the 3rd 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 in the last quarter. Canada Pension Plan Investment Board boosted its position in Kimco Realty by 11.7% during 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 acquiring an additional 1,193,600 shares in the last quarter. Sei Investments Co. boosted its position in shares of Kimco Realty by 71.5% in the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust's stock worth $54,345,000 after purchasing an additional 1,164,029 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Kimco Realty by 146.6% in the 2nd quarter. Millennium Management LLC now owns 1,477,297 shares of the real estate investment trust's stock worth $28,748,000 after purchasing an additional 878,217 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Performance

KIM traded down $0.21 during mid-day trading on Friday, reaching $25.57. 4,561,083 shares of the company traded hands, compared to its average volume of 3,919,251. The stock has a market capitalization of $17.24 billion, a P/E ratio of 46.49, a P/E/G ratio of 3.35 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company's fifty day moving average price is $24.14 and its 200-day moving average price is $22.00. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data 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 net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same period in the previous year, the firm earned $0.40 EPS. The company's revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given 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 dividend on an annualized basis and a dividend yield of 3.91%. Kimco Realty's payout ratio is presently 174.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. Scotiabank boosted their price target 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. Mizuho cut Kimco Realty from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target on the stock in a research report on Friday, August 16th. Finally, Evercore ISI boosted their price target on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.