Bank of Montreal Can Buys 10,506 Shares of Kimco Realty Corp (NYSE:KIM)

Bank of Montreal Can grew its position in shares of Kimco Realty Corp (NYSE:KIM) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697,993 shares of the real estate investment trust’s stock after buying an additional 10,506 shares during the quarter. Bank of Montreal Can owned 0.10% of Kimco Realty worth $13,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,816 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Kimco Realty by 52.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares during the period. UMB Bank n.a. boosted its holdings in shares of Kimco Realty by 112.6% in the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,787 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Kimco Realty during the first quarter valued at approximately $70,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Kimco Realty by 378.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 3,144 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO David Jamieson sold 50,000 shares of the business’s stock in a transaction that occurred on 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 owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KIM shares. Wells Fargo & Company boosted their price objective on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Compass Point upped their price target on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Truist Financial lifted their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Evercore ISI increased their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Robert W. Baird raised their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Ten equities research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.55.

Kimco Realty Trading Up 0.4 %

Shares of KIM stock opened at $22.96 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 4.03 and a beta of 1.51. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $24.25. The stock’s 50-day moving average price is $22.61 and its 200-day moving average price is $20.27.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The firm 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 business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. Equities research analysts predict that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed 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 was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

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.