Sanctuary Advisors LLC Has $929,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Sanctuary Advisors LLC raised its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 145.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 36,604 shares of the real estate investment trust's stock after buying an additional 21,690 shares during the quarter. Sanctuary Advisors LLC's holdings in Kimco Realty were worth $929,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in Kimco Realty in the 3rd quarter valued at approximately $25,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty in the third quarter worth $37,000. Quarry LP acquired a new position in shares of Kimco Realty during the third quarter valued at $51,000. Castleview Partners LLC bought a new stake in shares of Kimco Realty during the third quarter valued at about $77,000. Finally, UMB Bank n.a. lifted 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 during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on KIM shares. Wells Fargo & Company raised their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Mizuho boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. 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 research report on Thursday, September 12th. Finally, Argus upgraded Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.83.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded up $0.01 during midday trading on Monday, hitting $23.43. The company had a trading volume of 3,739,776 shares, compared to its average volume of 4,529,770. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The business's 50 day simple moving average is $24.57 and its two-hundred day simple moving average is $22.64. The stock has a market cap of $15.79 billion, a PE ratio of 42.60, a P/E/G ratio of 3.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, equities analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.25 dividend. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 4.27%. Kimco Realty's dividend payout ratio is 181.82%.

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.