Kimco Realty Corp (NYSE:KIM) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 53.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,345 shares of the real estate investment trust's stock after selling 339,998 shares during the period. National Bank of Canada FI's holdings in Kimco Realty were worth $6,742,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KIM. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Kimco Realty by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust's stock valued at $73,195,000 after acquiring an additional 103,861 shares in the last quarter. Point72 DIFC Ltd bought a new position in Kimco Realty in the 3rd quarter worth about $2,387,000. Victory Capital Management Inc. lifted its stake in Kimco Realty by 48.8% during the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust's stock worth $19,422,000 after purchasing an additional 274,295 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kimco Realty by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock worth $220,131,000 after purchasing an additional 405,685 shares during the period. Finally, Sei Investments Co. lifted its holdings in 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 buying an additional 1,164,029 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, November 25th. Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price objective on the stock in a report on Friday, August 16th. Mizuho boosted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the company a "neutral" rating in a research note on Thursday, September 12th. Finally, UBS Group increased their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Nine equities research 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.70.

Kimco Realty Stock Performance

NYSE KIM traded up $0.04 during trading on Thursday, reaching $24.49. The company's stock had a trading volume of 2,882,715 shares, compared to its average volume of 4,518,688. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 44.44, a P/E/G ratio of 3.30 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The business's fifty day moving average price is $24.43 and its 200-day moving average price is $22.34.

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 the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 earnings per share. As a group, analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.25 dividend. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty's dividend payout ratio is presently 181.82%.

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.