Douglas Lane & Associates LLC Has $32.46 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Douglas Lane & Associates LLC trimmed its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,397,855 shares of the real estate investment trust's stock after selling 45,046 shares during the period. Douglas Lane & Associates LLC owned about 0.21% of Kimco Realty worth $32,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. ProShare Advisors LLC grew its position in Kimco Realty by 71.0% during the 1st quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust's stock worth $3,531,000 after purchasing an additional 74,729 shares in the last quarter. Vanguard Group Inc. raised its position in Kimco Realty by 7.7% during 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 buying an additional 7,931,013 shares during the period. Forsta AP Fonden lifted its stake 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 worth $8,546,000 after acquiring an additional 304,900 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Kimco Realty by 63.5% during the 1st quarter. BNP Paribas Financial Markets now owns 1,031,957 shares of the real estate investment trust's stock worth $20,237,000 after acquiring an additional 400,825 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Kimco Realty by 2.8% during the 2nd 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. Institutional investors and hedge funds own 89.25% of the company's stock.

Insider Activity

In other news, COO David Jamieson sold 50,000 shares of Kimco Realty stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the completion of the sale, the chief operating officer now owns 337,111 shares in the company, valued at $7,389,473.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. The Goldman Sachs Group lifted their price target on Kimco Realty from $20.00 to $22.50 and gave the company a "neutral" rating in a report on Thursday, September 12th. Robert W. Baird lifted their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Argus upgraded shares of Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. Finally, Mizuho downgraded shares of Kimco Realty from an "outperform" rating to a "neutral" rating and increased their target price for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus target price of $23.55.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded up $0.32 during midday trading on Friday, hitting $23.18. 2,946,092 shares of the company were exchanged, compared to its average volume of 4,631,522. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $24.25. 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 firm has a 50 day simple moving average of $22.92 and a 200-day simple moving average of $20.55. The firm has a market cap of $15.63 billion, a P/E ratio of 43.74, a PEG ratio of 3.95 and a beta of 1.50.

Kimco Realty (NYSE:KIM - Get Free Report) last issued 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). The firm had revenue of $500.20 million for the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. Kimco Realty's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 earnings per share. Research analysts forecast that Kimco Realty Corp will post 1.62 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Thursday, September 5th. Kimco Realty's dividend payout ratio is currently 181.13%.

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.