Unigestion Holding SA Takes Position in Kimco Realty Corp (NYSE:KIM)

Unigestion Holding SA bought a new position in Kimco Realty Corp (NYSE:KIM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,761 shares of the real estate investment trust's stock, valued at approximately $668,000.

Other hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new position in Kimco Realty in the third quarter worth $37,000. Blue Trust Inc. increased its position in shares of Kimco Realty by 613.5% during 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 in the last quarter. Quarry LP purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $51,000. Finally, UMB Bank n.a. boosted its position in shares of 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. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Kimco Realty stock traded up $0.04 during midday trading on Thursday, hitting $24.49. 2,882,465 shares of the company were exchanged, compared to its average volume of 4,518,691. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The firm has a market capitalization of $16.51 billion, a PE ratio of 44.53, a price-to-earnings-growth ratio of 3.30 and a beta of 1.50. The business has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $22.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data 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). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period in the previous year, the business earned $0.40 EPS. Kimco Realty's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.08%. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. Kimco Realty's dividend payout ratio is 181.82%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Argus raised Kimco Realty to a "strong-buy" rating in a research report on Friday, September 6th. UBS Group upped 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. Robert W. Baird lifted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. 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 research note on Thursday, September 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.70.

About Kimco Realty

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.