Swedbank AB Purchases 28,109 Shares of Kimco Realty Corp (NYSE:KIM)

Swedbank AB grew its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 555,094 shares of the real estate investment trust's stock after buying an additional 28,109 shares during the quarter. Swedbank AB owned approximately 0.08% of Kimco Realty worth $12,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 1,816 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Kimco Realty by 52.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 773 shares during the last quarter. UMB Bank n.a. boosted its holdings in Kimco Realty by 112.6% in the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 1,787 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Kimco Realty during the first quarter worth $70,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Kimco Realty by 378.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust's stock worth $77,000 after buying an additional 3,144 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

Insider Activity

In related news, COO David Jamieson sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now owns 337,111 shares in the company, valued at $7,389,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Kimco Realty Price Performance

NYSE KIM traded up $0.15 during trading on Friday, reaching $24.62. 3,116,548 shares of the company traded hands, compared to its average volume of 4,639,503. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $24.67. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 46.17, a P/E/G ratio of 3.95 and a beta of 1.50. The stock's 50 day moving average price is $23.12 and its two-hundred day moving average price is $20.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73.

Kimco Realty (NYSE:KIM - Get Free Report) last announced 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 net margin of 19.28% and a return on equity of 3.59%. The company had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. During the same quarter last year, the company earned $0.39 earnings per share. The business's revenue was up 13.0% on a year-over-year basis. As a group, analysts anticipate that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Thursday, September 5th. Kimco Realty's payout ratio is presently 181.13%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Truist Financial raised their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. Wells Fargo & Company lifted their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" 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 report on Monday, August 19th. Piper Sandler reiterated an "overweight" rating and issued a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Finally, Compass Point upped their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.55.

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.