Kimco Realty Corp (NYSE:KIM) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 35.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 419,370 shares of the real estate investment trust's stock after acquiring an additional 110,062 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Kimco Realty worth $8,161,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Kentucky Retirement Systems lifted its position in Kimco Realty by 1.3% during the fourth quarter. Kentucky Retirement Systems now owns 49,597 shares of the real estate investment trust's stock valued at $1,057,000 after purchasing an additional 631 shares during the period. Cascade Investment Advisors Inc. lifted its holdings in shares of Kimco Realty by 1.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust's stock valued at $1,110,000 after buying an additional 640 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of Kimco Realty by 5.0% in the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust's stock worth $273,000 after buying an additional 663 shares during the last quarter. Baker Ellis Asset Management LLC grew its holdings in Kimco Realty by 0.5% during the first quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust's stock worth $2,545,000 after acquiring an additional 680 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Kimco Realty by 17.4% during the fourth quarter. Quadrant Capital Group LLC now owns 4,833 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 717 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Price Performance

NYSE KIM traded down $0.12 during mid-day trading on Friday, hitting $22.99. The stock had a trading volume of 3,643,388 shares, compared to its average volume of 4,683,948. The firm's 50 day moving average is $21.61 and its 200 day moving average is $19.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 3.96 and a beta of 1.51. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $23.53.

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

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a $0.24 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.96 annualized dividend and a dividend yield of 4.18%. Kimco Realty's dividend payout ratio is presently 181.13%.

Analyst Upgrades and Downgrades

Several research firms have commented on KIM. Robert W. Baird upped their price objective on Kimco Realty from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Evercore ISI raised their price target on shares of Kimco Realty from $21.00 to $22.00 and gave the company an "in-line" rating in a research report on Wednesday, August 28th. Mizuho downgraded shares of Kimco Realty from an "outperform" rating to a "neutral" rating and upped their price objective for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Scotiabank increased their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Finally, Piper Sandler restated an "overweight" rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of "Hold" and a consensus price target of $23.21.

Insider Buying and Selling

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $21.92, for a total value of $1,096,000.00. Following the completion of the sale, the chief operating officer now directly owns 337,111 shares in the company, valued at approximately $7,389,473.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.

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.