Pathstone Holdings LLC Sells 866 Shares of Kimco Realty Corp (NYSE:KIM)

Pathstone Holdings LLC trimmed its position in shares of Kimco Realty Corp (NYSE:KIM) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,936 shares of the real estate investment trust’s stock after selling 866 shares during the quarter. Pathstone Holdings LLC’s holdings in Kimco Realty were worth $2,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC raised its holdings in shares of Kimco Realty by 415,100.0% during the third quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 4,151 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Kimco Realty by 2.2% during the third quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust’s stock worth $6,005,000 after acquiring an additional 5,624 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Kimco Realty by 9.0% during the third quarter. CIBC Asset Management Inc now owns 98,636 shares of the real estate investment trust’s stock worth $2,290,000 after acquiring an additional 8,170 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Kimco Realty by 4.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,969 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 1,008 shares during the period. Finally, Metis Global Partners LLC raised its holdings in shares of Kimco Realty by 21.3% during the third quarter. Metis Global Partners LLC now owns 104,481 shares of the real estate investment trust’s stock worth $2,426,000 after acquiring an additional 18,317 shares during the period. 89.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. The Goldman Sachs Group raised their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Piper Sandler reiterated an “overweight” rating and issued a $29.00 price target (up from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. Scotiabank lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Mizuho lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $20.00 to $23.00 in a research note on Monday, August 19th. Nine equities 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Kimco Realty Stock Down 0.3 %

Kimco Realty stock opened at $25.46 on Wednesday. The firm has a market capitalization of $17.16 billion, a PE ratio of 46.29, a P/E/G ratio of 3.32 and a beta of 1.50. The company’s 50-day moving average is $24.00 and its 200-day moving average is $21.88. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.58. 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) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million for 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 quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. 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 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 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 dividend yield of 3.93%. 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.