Kimco Realty Corp (NYSE:KIM) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 79.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,991 shares of the real estate investment trust's stock after selling 23,469 shares during the period. Wolverine Asset Management LLC's holdings in Kimco Realty were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC boosted its stake in Kimco Realty by 71.0% during the 1st quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust's stock worth $3,531,000 after purchasing an additional 74,729 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Kimco Realty by 1.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 656,645 shares of the real estate investment trust's stock worth $12,824,000 after buying an additional 6,589 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Kimco Realty by 22.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,223,153 shares of the real estate investment trust's stock worth $23,986,000 after buying an additional 224,102 shares during the last quarter. Centersquare Investment Management LLC increased its position in Kimco Realty by 76.8% in the 1st quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust's stock valued at $269,531,000 after acquiring an additional 6,282,891 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Kimco Realty by 3.4% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 343,581 shares of the real estate investment trust's stock valued at $6,736,000 after acquiring an additional 11,216 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Argus raised Kimco Realty to a "strong-buy" rating in a report on Friday, September 6th. Evercore ISI boosted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Scotiabank raised their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.14.

Kimco Realty Price Performance

Shares of KIM stock traded up $0.14 during mid-day trading on Friday, reaching $24.86. The stock had a trading volume of 1,620,491 shares, compared to its average volume of 4,570,589. The company has a market cap of $16.76 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 3.28 and a beta of 1.50. 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 12-month low of $17.57 and a 12-month high of $25.19. The business has a 50-day simple moving average of $23.70 and a 200 day simple moving average of $21.47.

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

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 4.02%. Kimco Realty's dividend payout ratio (DPR) is presently 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.