Kimco Realty Corp (NYSE:KIM) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 36.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 630,343 shares of the real estate investment trust’s stock after selling 366,838 shares during the period. National Bank of Canada FI owned approximately 0.09% of Kimco Realty worth $12,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Kimco Realty by 7.7% during the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock worth $2,162,347,000 after acquiring an additional 7,931,013 shares during the period. Cohen & Steers Inc. grew its holdings in Kimco Realty by 7.3% during the fourth quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock worth $941,817,000 after acquiring an additional 3,022,995 shares during the period. Centersquare Investment Management LLC grew its holdings in Kimco Realty by 76.8% during the first quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust’s stock worth $269,531,000 after acquiring an additional 6,282,891 shares during the period. Canada Pension Plan Investment Board acquired a new position in Kimco Realty during the first quarter worth $200,043,000. Finally, Dimensional Fund Advisors LP grew its holdings in Kimco Realty by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,194,513 shares of the real estate investment trust’s stock worth $195,942,000 after acquiring an additional 24,036 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KIM shares. Piper Sandler reiterated an “overweight” rating and set a $29.00 target price (up from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. Mizuho downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Robert W. Baird boosted their target price on 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 boosted their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. boosted their target price on Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.21.

Kimco Realty Stock Performance

Kimco Realty stock opened at $22.99 on Monday. The firm has a market capitalization of $15.50 billion, a P/E ratio of 43.38, a PEG ratio of 3.96 and a beta of 1.51. The stock has a fifty day moving average price of $21.61 and a 200 day moving average price of $19.87. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $23.53. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.72.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). The business had revenue of $500.20 million during the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. Equities research analysts anticipate that Kimco Realty Corp will post 1.62 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.18%. Kimco Realty’s dividend payout ratio is presently 181.13%.

Insiders Place Their Bets

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the completion of the sale, the chief operating officer now directly owns 337,111 shares in the company, valued at $7,389,473.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

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.