Generate Investment Management Ltd Acquires 35,578 Shares of Kimco Realty Corp (NYSE:KIM)

Generate Investment Management Ltd increased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 305,820 shares of the real estate investment trust's stock after buying an additional 35,578 shares during the period. Generate Investment Management Ltd's holdings in Kimco Realty were worth $5,951,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Kimco Realty by 7.7% in the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust's stock valued at $2,162,347,000 after acquiring an additional 7,931,013 shares during the period. Cohen & Steers Inc. increased its holdings in shares of Kimco Realty by 7.3% in the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust's stock worth $941,817,000 after purchasing an additional 3,022,995 shares during the period. Centersquare Investment Management LLC raised its position in shares of Kimco Realty by 76.8% in the first quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust's stock worth $269,531,000 after buying an additional 6,282,891 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Kimco Realty during the first quarter valued at $200,043,000. Finally, Dimensional Fund Advisors LP grew its position in Kimco Realty by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,194,513 shares of the real estate investment trust's stock worth $195,942,000 after buying an additional 24,036 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 0.1 %

Shares of NYSE:KIM traded down $0.03 during trading on Tuesday, reaching $23.23. 3,622,833 shares of the company traded hands, compared to its average volume of 4,718,599. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.72. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $23.53. The business's fifty day moving average is $21.36 and its 200-day moving average is $19.79. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 43.83, a P/E/G ratio of 3.96 and a beta of 1.51.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business had revenue of $500.20 million during the quarter, compared to analysts' expectations of $500.87 million. During the same quarter last year, the business posted $0.39 EPS. The company's quarterly revenue was up 13.0% compared to the same quarter last year. As a group, analysts forecast that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $0.24 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.96 annualized dividend and a dividend yield of 4.13%. Kimco Realty's dividend payout ratio is 181.13%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KIM. Raymond James upgraded Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target for the company in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Scotiabank lifted their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Finally, Mizuho lowered Kimco Realty from an "outperform" rating to a "neutral" rating and lifted their price target for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $23.21.

Insider Activity

In related news, COO David Jamieson sold 50,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 337,111 shares of the company's stock, valued at $7,389,473.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.20% of the company's stock.

Kimco Realty 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.