Dimensional Fund Advisors LP Buys 94,811 Shares of Kimco Realty Corp (NYSE:KIM)

Dimensional Fund Advisors LP raised its stake in Kimco Realty Corp (NYSE:KIM) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,129,551 shares of the real estate investment trust’s stock after acquiring an additional 94,811 shares during the quarter. Dimensional Fund Advisors LP owned about 1.50% of Kimco Realty worth $197,116,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in Kimco Realty in the 4th quarter valued at about $29,000. Blue Trust Inc. raised its holdings in 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 valued at $41,000 after acquiring an additional 1,816 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 773 shares during the period. UMB Bank n.a. increased its holdings in shares of Kimco Realty by 112.6% during the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,787 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Kimco Realty during the first quarter worth approximately $70,000. 89.25% of the stock is owned by institutional investors.

Insider Transactions at Kimco Realty

In other news, COO David Jamieson sold 50,000 shares of Kimco Realty stock in a transaction on Friday, August 2nd. The shares were 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 in the company, valued at $7,389,473.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on KIM shares. Scotiabank raised their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Truist Financial raised their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Wells Fargo & Company raised their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. 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 report on Thursday, August 8th. Ten 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, the company has a consensus rating of “Moderate Buy” and an average target price of $23.55.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.24 on Friday. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $24.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $15.67 billion, a P/E ratio of 43.85, a P/E/G ratio of 4.01 and a beta of 1.51. The company’s 50 day moving average price is $22.35 and its two-hundred day moving average price is $20.11.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $500.20 million during the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. On average, equities analysts forecast that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.13%. 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.