Forsta AP Fonden Has $3.45 Million Position in Kimco Realty Corp (NYSE:KIM)

Forsta AP Fonden cut its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 51.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,500 shares of the real estate investment trust's stock after selling 156,100 shares during the quarter. Forsta AP Fonden's holdings in Kimco Realty were worth $3,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 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 worth $2,162,347,000 after purchasing an additional 7,931,013 shares during the period. APG Asset Management US Inc. raised its stake in Kimco Realty by 1.6% during the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust's stock worth $288,155,000 after buying an additional 240,000 shares during the period. Centersquare Investment Management LLC lifted its holdings in Kimco Realty by 76.8% during 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 acquiring an additional 6,282,891 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Kimco Realty by 11.7% in the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust's stock valued at $221,740,000 after acquiring an additional 1,193,600 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kimco Realty by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 10,129,551 shares of the real estate investment trust's stock worth $197,116,000 after acquiring an additional 94,811 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Insider Buying and Selling at Kimco Realty

In other news, COO David Jamieson sold 50,000 shares of Kimco Realty stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 337,111 shares in the company, valued at approximately $7,389,473.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. The Goldman Sachs Group upped their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the company a "neutral" rating in a report on Thursday, September 12th. Evercore ISI raised their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $29.00 target price (up from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. Finally, Robert W. Baird increased their target price on Kimco Realty from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus price target of $23.55.

Kimco Realty Stock Up 1.5 %

Shares of Kimco Realty stock traded up $0.35 on Wednesday, reaching $24.02. 6,458,182 shares of the company were exchanged, compared to its average volume of 4,593,960. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 4.10 and a beta of 1.50. 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 one year low of $17.31 and a one year high of $24.67. The company has a 50-day moving average of $23.42 and a 200 day moving average of $21.00.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) 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 firm had revenue of $500.20 million for the quarter, compared to the consensus estimate of $500.87 million. During the same period last year, the company posted $0.39 earnings per share. The business's revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Kimco Realty Corp will post 1.62 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty's dividend payout ratio (DPR) is presently 181.13%.

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.