abrdn plc Buys 98,729 Shares of Kimco Realty Corp (NYSE:KIM)

abrdn plc lifted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,316,266 shares of the real estate investment trust's stock after acquiring an additional 98,729 shares during the quarter. abrdn plc owned approximately 0.20% of Kimco Realty worth $30,439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KIM. Blue Trust Inc. lifted its holdings in Kimco Realty by 613.5% in the 2nd 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in 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 worth $42,000 after purchasing an additional 773 shares in the last quarter. UMB Bank n.a. lifted its holdings in Kimco Realty by 112.6% in the 2nd 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 purchased a new position in Kimco Realty in the 1st quarter worth approximately $70,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Kimco Realty by 378.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust's stock worth $77,000 after purchasing an additional 3,144 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimco Realty

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 transaction, the chief operating officer now owns 337,111 shares of the company's stock, valued at $7,389,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Kimco Realty Trading Down 1.2 %

NYSE:KIM traded down $0.30 during midday trading on Thursday, hitting $23.72. 6,007,505 shares of the company traded hands, compared to its average volume of 4,600,883. The firm's fifty day moving average is $23.46 and its 200-day moving average is $21.04. The firm has a market capitalization of $15.99 billion, a P/E ratio of 43.93, a P/E/G 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 12-month low of $17.31 and a 12-month high of $24.67.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). The business had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, sell-side analysts predict that Kimco Realty Corp will post 1.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on KIM. Truist Financial boosted their price target on Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a report on Wednesday, August 28th. Wells Fargo & Company upped their price objective on Kimco Realty from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Piper Sandler reaffirmed an "overweight" rating and set a $29.00 price objective (up from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Finally, Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price objective on the stock in a report on Friday, August 16th. Nine investment 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.55.

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.