Signaturefd LLC Purchases 783 Shares of Kimco Realty Corp (NYSE:KIM)

Signaturefd LLC increased its holdings in Kimco Realty Corp (NYSE:KIM) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,441 shares of the real estate investment trust’s stock after acquiring an additional 783 shares during the quarter. Signaturefd LLC’s holdings in Kimco Realty were worth $196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KIM. Blue Trust Inc. lifted its position in shares of Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares during the period. Castleview Partners LLC bought a new stake in Kimco Realty during the 3rd quarter valued at $77,000. UMB Bank n.a. increased its holdings in shares of Kimco Realty by 112.6% in the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 1,787 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Kimco Realty in the 1st quarter worth $70,000. 89.25% of the stock is currently owned by institutional investors.

Insider Activity at Kimco Realty

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the company’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 value of $1,096,000.00. Following the sale, the chief operating officer now owns 337,111 shares in the company, valued at approximately $7,389,473.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.20% of the stock is owned by company insiders.

Kimco Realty Trading Down 1.7 %

Kimco Realty stock opened at $23.55 on Monday. The stock has a 50-day moving average price of $23.36 and a 200 day moving average price of $20.90. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 4.10 and a beta of 1.50. Kimco Realty Corp has a 52 week low of $16.49 and a 52 week high of $24.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.72.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data 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). Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business had revenue of $500.20 million during the quarter, compared to analysts’ expectations of $500.87 million. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. Sell-side analysts anticipate that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is 181.13%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $23.00 in a research report on Monday, August 19th. Wells Fargo & Company lifted their price objective on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Truist Financial increased their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Argus raised shares of Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Finally, Evercore ISI increased 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. Nine 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 stock. Based on data from MarketBeat.com, Kimco Realty currently has a consensus 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.