Kimco Realty Corp (NYSE:KIM) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its position in shares of Kimco Realty Corp (NYSE:KIM) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,229 shares of the real estate investment trust’s stock after selling 1,039 shares during the quarter. HighTower Advisors LLC’s holdings in Kimco Realty were worth $3,884,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its holdings in Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the period. APG Asset Management US Inc. lifted its holdings 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 worth $288,155,000 after purchasing an additional 240,000 shares during the period. Canada Pension Plan Investment Board lifted its holdings 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 worth $221,740,000 after purchasing an additional 1,193,600 shares during the period. Dimensional Fund Advisors LP raised 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 worth $197,116,000 after acquiring an additional 94,811 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Kimco Realty by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock worth $220,131,000 after acquiring an additional 405,685 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Kimco Realty stock opened at $24.44 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a fifty day moving average price of $24.43 and a two-hundred day moving average price of $22.34. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The firm has a market capitalization of $16.47 billion, a P/E ratio of 44.44, a P/E/G ratio of 3.30 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $502.78 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, analysts anticipate 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. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio is presently 181.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KIM shares. Wells Fargo & Company boosted their price target 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. Argus upgraded Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Truist Financial boosted their price objective on Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. UBS Group boosted their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Compass Point boosted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price of $24.70.

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.