National Pension Service Has $564,000 Stake in Kimco Realty Corp (NYSE:KIM)

National Pension Service lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 66.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,270 shares of the real estate investment trust's stock after selling 47,737 shares during the period. National Pension Service's holdings in Kimco Realty were worth $564,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Nordea Investment Management AB lifted its position in Kimco Realty by 6.6% in the 1st quarter. Nordea Investment Management AB now owns 52,630 shares of the real estate investment trust's stock valued at $1,030,000 after acquiring an additional 3,279 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Kimco Realty by 10.2% during the first quarter. Texas Permanent School Fund Corp now owns 137,698 shares of the real estate investment trust's stock worth $2,700,000 after buying an additional 12,735 shares during the period. Duality Advisers LP boosted its position in shares of Kimco Realty by 84.1% during the first quarter. Duality Advisers LP now owns 56,144 shares of the real estate investment trust's stock worth $1,101,000 after buying an additional 25,655 shares during the period. SG Americas Securities LLC grew its holdings in shares of Kimco Realty by 2.2% during the first quarter. SG Americas Securities LLC now owns 211,378 shares of the real estate investment trust's stock worth $4,145,000 after buying an additional 4,633 shares in the last quarter. Finally, Forsta AP Fonden raised its position in Kimco Realty by 232.9% in the 1st quarter. Forsta AP Fonden now owns 435,800 shares of the real estate investment trust's stock valued at $8,546,000 after buying an additional 304,900 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

Shares of KIM stock traded up $0.27 during midday trading on Friday, hitting $24.93. 3,863,212 shares of the company were exchanged, compared to its average volume of 4,592,507. The firm has a market capitalization of $16.80 billion, a P/E ratio of 45.36, a PEG ratio of 4.08 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 52 week low of $17.51 and a 52 week high of $25.07. The firm's 50 day moving average price is $23.57 and its two-hundred day moving average price is $21.27.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS. As a group, equities research analysts anticipate that Kimco Realty Corp will post 1.63 earnings per share for the current year.

Kimco Realty Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.01%. Kimco Realty's dividend payout ratio is 181.82%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KIM. Mizuho cut shares of Kimco Realty from an "outperform" rating to a "neutral" rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. The Goldman Sachs Group boosted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. Robert W. Baird raised their price objective on Kimco Realty from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Truist Financial lifted 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. Finally, JPMorgan Chase & Co. increased their price target on Kimco Realty from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus target price of $23.95.

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.