Natixis Advisors LLC Has $9.29 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Natixis Advisors LLC reduced its position in Kimco Realty Corp (NYSE:KIM) by 4.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 400,234 shares of the real estate investment trust’s stock after selling 19,136 shares during the period. Natixis Advisors LLC’s holdings in Kimco Realty were worth $9,293,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KIM. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Kimco Realty by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust’s stock worth $73,195,000 after buying an additional 103,861 shares in the last quarter. Invst LLC bought a new position in shares of Kimco Realty in the 1st quarter valued at $682,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Kimco Realty by 30.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust’s stock valued at $114,659,000 after purchasing an additional 1,381,490 shares in the last quarter. Sei Investments Co. boosted its position in Kimco Realty by 71.5% during the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock worth $54,345,000 after buying an additional 1,164,029 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Kimco Realty by 5.3% during the third quarter. Swedbank AB now owns 555,094 shares of the real estate investment trust’s stock worth $12,889,000 after purchasing an additional 28,109 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Up 0.9 %

KIM stock opened at $25.33 on Friday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.34. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $17.07 billion, a PE ratio of 46.05, a PEG ratio of 3.28 and a beta of 1.50. The stock has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $21.68.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. During the same period in the previous year, the company earned $0.40 EPS. Kimco Realty’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is presently 174.55%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KIM. Scotiabank increased their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company boosted their target price 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 price target on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Finally, Piper Sandler reissued an “overweight” rating and set a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.14.

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.