Kimco Realty Corp (NYSE:KIM) Stock Position Raised by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. lifted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 105.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,909 shares of the real estate investment trust's stock after acquiring an additional 35,909 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Kimco Realty were worth $1,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC purchased a new stake in Kimco Realty during the second quarter worth $591,000. International Assets Investment Management LLC acquired a new position in shares of Kimco Realty during the 2nd quarter worth $94,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Kimco Realty by 4.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 187,801 shares of the real estate investment trust's stock worth $3,655,000 after buying an additional 7,311 shares in the last quarter. UMB Bank n.a. grew its stake 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 acquiring an additional 1,787 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kimco Realty by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 477,432 shares of the real estate investment trust's stock valued at $9,291,000 after acquiring an additional 47,483 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Trading Up 1.1 %

Shares of KIM stock traded up $0.25 during trading hours on Friday, hitting $23.26. 2,880,642 shares of the company were exchanged, compared to its average volume of 4,725,122. The firm has a fifty day moving average of $21.19 and a 200 day moving average of $19.74. The company has a quick ratio of 1.86, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $23.53. The firm has a market cap of $15.68 billion, a PE ratio of 43.89, a PEG ratio of 4.23 and a beta of 1.51.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.23). Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The company had revenue of $500.20 million for the quarter, compared to analysts' expectations of $500.87 million. The business's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. Analysts expect that Kimco Realty Corp will post 1.6 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.13%. Kimco Realty's dividend payout ratio is presently 181.13%.

Insider Transactions at Kimco Realty

In related news, COO David Jamieson sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total value of $1,096,000.00. Following the transaction, the chief operating officer now owns 337,111 shares in the company, valued at $7,389,473.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KIM shares. Mizuho downgraded shares of Kimco Realty from an "outperform" rating to a "neutral" rating and upped their price target for the company from $20.00 to $23.00 in a report on Monday, August 19th. Evercore ISI upped their target price on Kimco Realty from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Kimco Realty from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Truist Financial boosted their price target on Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective on Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kimco Realty presently has a consensus rating of "Hold" and a consensus target price of $23.21.

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.