Van ECK Associates Corp Raises Holdings in Kimco Realty Corp (NYSE:KIM)

Van ECK Associates Corp boosted its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 298,909 shares of the real estate investment trust's stock after buying an additional 29,002 shares during the quarter. Van ECK Associates Corp's holdings in Kimco Realty were worth $7,162,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Blue Trust Inc. raised its stake in 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 acquiring an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 during the last quarter. Castleview Partners LLC bought a new position in Kimco Realty in the 3rd quarter valued at $77,000. UMB Bank n.a. boosted 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 valued at $66,000 after acquiring an additional 1,787 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of 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 during the last quarter. Institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

KIM has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Wells Fargo & Company upped their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Argus upgraded shares of Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Piper Sandler reiterated an "overweight" rating and set a $29.00 target price (up from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. Finally, Compass Point lifted their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.95.

Kimco Realty Stock Performance

NYSE KIM traded up $0.36 during trading hours on Friday, reaching $25.02. The company's stock had a trading volume of 1,669,782 shares, compared to its average volume of 4,582,399. Kimco Realty Corp has a 52 week low of $17.51 and a 52 week high of $25.05. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $16.87 billion, a PE ratio of 45.36, a PEG ratio of 4.08 and a beta of 1.50. The business has a 50-day simple moving average of $23.57 and a 200 day simple moving average of $21.27.

Kimco Realty (NYSE:KIM - Get Free Report) last issued 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 business had revenue of $507.63 million for 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 firm's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Equities research analysts predict that Kimco Realty Corp will post 1.63 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 5th. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.00%. Kimco Realty's dividend payout ratio is 181.82%.

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.