Blue Trust Inc. Buys 4,205 Shares of Kimco Realty Corp (NYSE:KIM)

Blue Trust Inc. raised its stake in Kimco Realty Corp (NYSE:KIM) by 199.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,317 shares of the real estate investment trust’s stock after acquiring an additional 4,205 shares during the period. Blue Trust Inc.’s holdings in Kimco Realty were worth $147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Kimco Realty by 7.7% in the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock valued at $2,162,347,000 after purchasing an additional 7,931,013 shares during the last quarter. APG Asset Management US Inc. lifted its position in Kimco Realty by 1.6% in the second quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust’s stock valued at $288,155,000 after purchasing an additional 240,000 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Kimco Realty by 76.8% in the first quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust’s stock valued at $269,531,000 after purchasing an additional 6,282,891 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Kimco Realty by 11.7% in the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock valued at $221,740,000 after purchasing an additional 1,193,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Kimco Realty by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 10,129,551 shares of the real estate investment trust’s stock valued at $197,116,000 after purchasing an additional 94,811 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Insiders Place Their Bets

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 337,111 shares in the company, valued at approximately $7,389,473.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KIM. Evercore ISI boosted their target price on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Piper Sandler reissued an “overweight” rating and issued a $29.00 target price (up from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. The Goldman Sachs Group raised their target price on Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Mizuho cut Kimco Realty from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Finally, Compass Point raised their target price on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.55.

Kimco Realty Stock Down 1.7 %

Shares of KIM opened at $23.55 on Monday. The business’s 50 day moving average is $23.36 and its 200 day moving average is $20.90. The company has a market capitalization of $15.88 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 4.10 and a beta of 1.50. Kimco Realty Corp has a 12-month low of $16.49 and a 12-month high of $24.67. 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 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). The company had revenue of $500.20 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.39 EPS. Research analysts expect that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

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

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.