Kimco Realty Corp (NYSE:KIM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,360,605 shares of the real estate investment trust's stock after selling 72,021 shares during the period. Wellington Management Group LLP owned approximately 0.20% of Kimco Realty worth $31,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after acquiring an additional 882,047 shares during the period. Quadrature Capital Ltd acquired a new stake in Kimco Realty during the 3rd quarter valued at $443,000. Quantinno Capital Management LP grew its holdings in Kimco Realty by 48.6% during the 3rd quarter. Quantinno Capital Management LP now owns 36,731 shares of the real estate investment trust's stock valued at $853,000 after buying an additional 12,005 shares during the last quarter. Quarry LP acquired a new stake in Kimco Realty during the 3rd quarter valued at $51,000. Finally, Point72 DIFC Ltd acquired a new stake in Kimco Realty during the 3rd quarter valued at $2,387,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KIM shares. Truist Financial increased their price target on Kimco Realty from $22.00 to $24.00 and gave the stock a "hold" rating in a research note on Wednesday, August 28th. Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target on the stock in a research note on Friday, August 16th. Robert W. Baird increased their price target on 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 increased their target price on Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. Finally, Mizuho increased their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Tuesday. Nine 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.70.

Kimco Realty Stock Up 0.0 %

NYSE:KIM traded up $0.01 during mid-day trading on Friday, reaching $24.50. The stock had a trading volume of 1,441,221 shares, compared to its average volume of 4,505,601. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of 3.20 and a beta of 1.50. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The stock's 50 day simple moving average is $24.47 and its two-hundred day simple moving average is $22.35. 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 issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). The business 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%. The business's revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. Equities 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. Investors of record on Thursday, December 5th will be issued a dividend of $0.25 per share. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 4.08%. Kimco Realty's payout ratio is presently 181.82%.

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.