Kimco Realty Corp (NYSE:KIM) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,684 shares of the real estate investment trust’s stock after selling 455 shares during the quarter. QRG Capital Management Inc.’s holdings in Kimco Realty were worth $480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KIM. Texas Permanent School Fund Corp raised its stake in Kimco Realty by 10.2% during the first quarter. Texas Permanent School Fund Corp now owns 137,698 shares of the real estate investment trust’s stock worth $2,700,000 after acquiring an additional 12,735 shares during the period. SG Americas Securities LLC raised its stake in Kimco Realty by 2.2% during the first quarter. SG Americas Securities LLC now owns 211,378 shares of the real estate investment trust’s stock worth $4,145,000 after acquiring an additional 4,633 shares during the period. ProShare Advisors LLC raised its stake in Kimco Realty by 71.0% during the first quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust’s stock worth $3,531,000 after acquiring an additional 74,729 shares during the period. Entropy Technologies LP acquired a new stake in Kimco Realty during the first quarter worth about $992,000. Finally, State Board of Administration of Florida Retirement System grew its position in Kimco Realty by 1.0% in the 1st 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 purchasing an additional 6,589 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE KIM opened at $24.93 on Monday. 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 1 year low of $17.51 and a 1 year high of $25.07. The company has a market cap of $16.80 billion, a PE ratio of 45.33, a PEG ratio of 3.29 and a beta of 1.50. The stock’s 50-day moving average price is $23.61 and its two-hundred day moving average price is $21.33.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data 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 analysts’ expectations of $502.78 million. During the same period in the prior year, the company posted $0.40 earnings per share. Kimco Realty’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.01%. Kimco Realty’s dividend payout ratio is currently 174.55%.

Wall Street Analyst Weigh In

KIM has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. Robert W. Baird upped their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Wells Fargo & Company upped their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.95.

Kimco Realty 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.