State Street Corp Raises Position in Kimco Realty Corp (NYSE:KIM)

State Street Corp lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,167,816 shares of the real estate investment trust's stock after purchasing an additional 882,047 shares during the quarter. State Street Corp owned approximately 6.70% of Kimco Realty worth $1,048,797,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KIM. Catalyst Capital Advisors LLC bought a new stake in Kimco Realty during the third quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty in the 3rd quarter worth approximately $37,000. Blue Trust Inc. grew its holdings in shares of 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 during the last quarter. Quarry LP acquired a new position in shares of Kimco Realty in the 3rd quarter worth approximately $51,000. Finally, Castleview Partners LLC bought a new stake in shares of Kimco Realty during the third quarter worth $77,000. Institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KIM. Truist Financial boosted their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Argus upgraded Kimco Realty to a "strong-buy" rating in a research note on Friday, September 6th. UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 8th. The Goldman Sachs Group increased their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Finally, Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Nine equities 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's stock. Based on data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded up $0.09 on Friday, reaching $25.19. The stock had a trading volume of 2,143,469 shares, compared to its average volume of 3,711,890. The business's 50 day moving average is $24.33 and its two-hundred day moving average is $22.21. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a market cap of $16.98 billion, a P/E ratio of 45.80, a price-to-earnings-growth ratio of 3.31 and a beta of 1.50.

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

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.25 per share. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty's dividend payout ratio is currently 174.55%.

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.