Kovitz Investment Group Partners LLC Purchases 42,297 Shares of Kimco Realty Corp (NYSE:KIM)

Kovitz Investment Group Partners LLC raised its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 20.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,008 shares of the real estate investment trust's stock after purchasing an additional 42,297 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Kimco Realty were worth $5,828,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Kimco Realty in the 3rd quarter valued at $443,000. Quantinno Capital Management LP lifted its stake in Kimco Realty by 48.6% during the 3rd quarter. Quantinno Capital Management LP now owns 36,731 shares of the real estate investment trust's stock valued at $853,000 after acquiring an additional 12,005 shares in the last quarter. Quarry LP purchased a new position in Kimco Realty during the 3rd quarter worth $51,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Kimco Realty in the 3rd quarter worth $2,387,000. 89.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KIM has been the subject of several analyst reports. Raymond James upgraded shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price objective for the company in a research note on Friday, August 16th. Wells Fargo & Company boosted their price objective on Kimco Realty from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Truist Financial raised their target price on Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Argus upgraded Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. Finally, UBS Group raised their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.50.

Kimco Realty Price Performance

KIM traded down $0.14 during trading on Monday, reaching $25.05. 3,109,773 shares of the company were exchanged, compared to its average volume of 4,521,910. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The company's 50-day moving average is $24.37 and its two-hundred day moving average is $22.28. 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 has a market cap of $16.88 billion, a price-to-earnings ratio of 45.54, a P/E/G ratio of 3.30 and a beta of 1.50.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its 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 return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same period last year, the company posted $0.40 EPS. The business's revenue was up 13.8% on a year-over-year basis. Research 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 announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.25 dividend. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Thursday, December 5th. Kimco Realty's dividend payout ratio (DPR) is currently 181.82%.

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.