Oppenheimer Asset Management Inc. Purchases 16,339 Shares of Kimco Realty Corp (NYSE:KIM)

Oppenheimer Asset Management Inc. lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 63.7% during the second quarter, Holdings Channel reports. The firm owned 41,978 shares of the real estate investment trust’s stock after acquiring an additional 16,339 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kimco Realty were worth $817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cascade Investment Advisors Inc. lifted its position in shares of Kimco Realty by 1.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock worth $1,110,000 after buying an additional 640 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Kimco Realty by 5.0% during the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 663 shares during the period. Baker Ellis Asset Management LLC boosted its position in Kimco Realty by 0.5% in the first quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust’s stock worth $2,545,000 after purchasing an additional 680 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Kimco Realty by 17.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,833 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 717 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Kimco Realty by 52.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 773 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO David Jamieson sold 50,000 shares of the 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 transaction, the chief operating officer now directly owns 337,111 shares in the company, valued at approximately $7,389,473.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 1.3 %

Shares of KIM stock opened at $23.24 on Friday. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $24.25. The business’s fifty day moving average is $22.35 and its 200 day moving average is $20.11. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $15.67 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 4.01 and a beta of 1.51.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a yield of 4.13%. Kimco Realty’s payout ratio is 181.13%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Argus raised shares of Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Evercore ISI increased their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday. Mizuho cut shares of Kimco Realty from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $20.00 to $23.00 in a report on Monday, August 19th. Scotiabank increased their price objective on Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Truist Financial boosted their target price on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Ten investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.55.

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.