Generate Investment Management Ltd Purchases 258,424 Shares of Kimco Realty Corp (NYSE:KIM)

Generate Investment Management Ltd raised its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 84.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 564,244 shares of the real estate investment trust's stock after acquiring an additional 258,424 shares during the quarter. Generate Investment Management Ltd owned approximately 0.08% of Kimco Realty worth $13,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of 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 worth $41,000 after purchasing an additional 1,816 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 773 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of 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 during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Kimco Realty in the first quarter worth about $70,000. Finally, Mather Group LLC. bought a new stake in shares of Kimco Realty in the first quarter worth about $82,000. 89.25% of the stock is owned by institutional investors.

Insider Activity

In related 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 transaction 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 $7,389,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KIM. Robert W. Baird lifted their price target on Kimco Realty from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. 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. lifted 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. Evercore ISI lifted their price target on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. 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 report on Monday, August 19th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.55.

Kimco Realty Stock Up 0.6 %

Shares of KIM stock traded up $0.15 during mid-day trading on Friday, hitting $24.62. The stock had a trading volume of 3,117,792 shares, compared to its average volume of 4,639,503. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $24.67. 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's 50-day moving average is $23.17 and its two-hundred day moving average is $20.71. The firm has a market capitalization of $16.60 billion, a P/E ratio of 46.45, a price-to-earnings-growth ratio of 3.95 and a beta of 1.50.

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 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 business had revenue of $500.20 million during the quarter, compared to analysts' expectations of $500.87 million. During the same period last year, the company earned $0.39 earnings per share. The firm's revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

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