Vert Asset Management LLC Boosts Position in Kimco Realty Corp (NYSE:KIM)

Vert Asset Management LLC lifted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 297,807 shares of the real estate investment trust's stock after buying an additional 26,017 shares during the quarter. Kimco Realty comprises 2.4% of Vert Asset Management LLC's portfolio, making the stock its 14th largest position. Vert Asset Management LLC's holdings in Kimco Realty were worth $6,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in Kimco Realty during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Kimco Realty during the third quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty during the third quarter valued at approximately $37,000. Quarry LP purchased a new stake in Kimco Realty during the third quarter valued at approximately $51,000. Finally, Castleview Partners LLC purchased a new stake in Kimco Realty during the third quarter valued at approximately $77,000. Institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

KIM has been the subject of a number of research reports. Scotiabank upped their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, November 25th. Robert W. Baird upped their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. cut shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price objective for the company. in a research note on Friday, December 20th. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, UBS Group increased their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. 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. According to MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and a consensus target price of $24.97.

Kimco Realty Trading Down 1.8 %

Shares of Kimco Realty stock traded down $0.41 during trading on Friday, hitting $22.28. The stock had a trading volume of 1,942,155 shares, compared to its average volume of 4,110,672. The firm's fifty day simple moving average is $23.66 and its 200-day simple moving average is $23.30. The stock has a market cap of $15.02 billion, a PE ratio of 40.50, a PEG ratio of 2.90 and a beta of 1.51. 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 Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its 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 firm had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. As a group, sell-side analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

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.