Pacer Advisors Inc. Raises Holdings in Kimco Realty Corp (NYSE:KIM)

Pacer Advisors Inc. increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,298 shares of the real estate investment trust’s stock after buying an additional 6,293 shares during the period. Pacer Advisors Inc.’s holdings in Kimco Realty were worth $1,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in KIM. Lord Abbett & CO. LLC bought a new stake in Kimco Realty during the third quarter valued at about $17,636,000. Nordea Investment Management AB boosted its holdings in shares of Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after buying an additional 3,614 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Kimco Realty in the 3rd quarter worth approximately $2,387,000. Victory Capital Management Inc. raised its stake in shares of Kimco Realty by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock worth $19,422,000 after acquiring an additional 274,295 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after acquiring an additional 405,685 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 1.0 %

Shares of KIM opened at $22.46 on Monday. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 2.90 and a beta of 1.51. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The stock’s 50-day moving average price is $23.55 and its 200-day moving average price is $23.33. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data 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 company had revenue of $507.63 million during the quarter, compared to analysts’ expectations of $502.78 million. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KIM. Evercore ISI cut their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. JPMorgan Chase & Co. lowered Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Friday, December 20th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Mizuho boosted their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird increased their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.97.

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.