Invst LLC Has $802,000 Stock Position in Kimco Realty Corp (NYSE:KIM)

Invst LLC lessened its stake in Kimco Realty Corp (NYSE:KIM) by 2.2% in the third quarter, Holdings Channel reports. The firm owned 34,537 shares of the real estate investment trust’s stock after selling 786 shares during the quarter. Invst LLC’s holdings in Kimco Realty were worth $802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in shares of Kimco Realty by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Kimco Realty by 1.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after buying an additional 522 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Kimco Realty by 2.5% in the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 565 shares in the last quarter. CWM LLC grew its position in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 595 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in Kimco Realty by 5.0% during the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 663 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on KIM. The Goldman Sachs Group raised 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. Mizuho boosted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday. Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Argus upgraded Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Truist Financial increased their target price on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research 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 stock. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.70.

Kimco Realty Trading Down 1.2 %

NYSE:KIM opened at $24.75 on Wednesday. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The firm’s fifty day moving average is $24.40 and its 200-day moving average is $22.32. The firm has a market cap of $16.68 billion, a P/E ratio of 45.00, a P/E/G ratio of 3.30 and a beta of 1.50.

Kimco Realty (NYSE:KIM) 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). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The firm had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same period last year, the company posted $0.40 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. Equities analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, December 5th. 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.