Czech National Bank Purchases 10,149 Shares of Kimco Realty Corp (NYSE:KIM)

Czech National Bank lifted its holdings in Kimco Realty Corp (NYSE:KIM) by 8.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 137,323 shares of the real estate investment trust’s stock after buying an additional 10,149 shares during the period. Czech National Bank’s holdings in Kimco Realty were worth $3,189,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB boosted its stake in shares of Kimco Realty by 10.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 177,742 shares of the real estate investment trust’s stock worth $4,127,000 after acquiring an additional 16,700 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its holdings in Kimco Realty by 15.6% during the third quarter. Trivant Custom Portfolio Group LLC now owns 43,496 shares of the real estate investment trust’s stock valued at $1,010,000 after purchasing an additional 5,859 shares during the period. Park Avenue Securities LLC purchased a new stake in Kimco Realty in the third quarter worth about $228,000. Sanctuary Advisors LLC bought a new position in shares of Kimco Realty in the second quarter worth about $274,000. Finally, Truist Financial Corp lifted its position in shares of Kimco Realty by 2.0% during the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.4 %

Shares of KIM opened at $23.18 on Friday. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $24.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. The company’s fifty day moving average is $22.89 and its 200 day moving average is $20.51. The stock has a market capitalization of $15.63 billion, a PE ratio of 43.74, a P/E/G ratio of 3.95 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The business had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. Sell-side analysts expect that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is 181.13%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KIM shares. Robert W. Baird raised their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Argus raised shares of Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Evercore ISI raised their price target on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Mizuho lowered Kimco Realty from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Finally, Compass Point lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. 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 company’s stock. According to data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $23.55.

Insider Activity

In related news, COO David Jamieson sold 50,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the transaction, the chief operating officer now directly owns 337,111 shares in the company, valued at approximately $7,389,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

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.