Captrust Financial Advisors Has $340,000 Holdings in Kimco Realty Corp (NYSE:KIM)

Captrust Financial Advisors raised its stake in Kimco Realty Corp (NYSE:KIM) by 3.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,657 shares of the real estate investment trust’s stock after purchasing an additional 482 shares during the period. Captrust Financial Advisors’ holdings in Kimco Realty were worth $340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its holdings 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 purchasing an additional 522 shares in the last quarter. CWM LLC lifted its holdings in shares of Kimco Realty by 4.7% during the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 595 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Kimco Realty by 5.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 663 shares in the last quarter. Truist Financial Corp increased its stake in Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after acquiring an additional 746 shares during the period. Finally, Signaturefd LLC raised its position in Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 783 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Up 0.5 %

Shares of KIM opened at $24.61 on Friday. The stock’s fifty day simple moving average is $24.47 and its 200-day simple moving average is $22.35. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $16.59 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 3.20 and a beta of 1.50. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83.

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 the consensus estimate 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 prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, research analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.06%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s payout ratio is currently 181.82%.

Analyst Ratings Changes

A number of research firms have weighed in on KIM. Evercore ISI lifted their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 16th. UBS Group increased their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. 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, Wells Fargo & Company lifted their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.70.

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.