Hsbc Holdings PLC Has $47.44 Million Position in Kimco Realty Corp (NYSE:KIM)

Hsbc Holdings PLC trimmed its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 30.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,443,920 shares of the real estate investment trust’s stock after selling 1,068,480 shares during the period. Hsbc Holdings PLC owned about 0.36% of Kimco Realty worth $47,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Elo Mutual Pension Insurance Co boosted its position in Kimco Realty by 8.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 66,838 shares of the real estate investment trust’s stock valued at $1,301,000 after purchasing an additional 5,247 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Kimco Realty by 1.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 522 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Kimco Realty in the second quarter valued at $1,825,000. Dimensional Fund Advisors LP increased its holdings in Kimco Realty by 0.9% during 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 buying an additional 94,811 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Kimco Realty by 43.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock worth $154,583,000 after acquiring an additional 2,400,752 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KIM shares. Mizuho downgraded shares of Kimco Realty from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $23.00 in a research report on Monday, August 19th. Evercore ISI upped their price objective 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. Truist Financial lifted their target price on Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, 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. Ten analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.55.

Insider Buying and Selling

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $21.92, for a total value of $1,096,000.00. Following the transaction, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by company insiders.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $23.24 on Friday. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $24.25. The company’s 50 day moving average price is $22.41 and its two-hundred day moving average price is $20.14. The firm has a market cap of $15.67 billion, a PE ratio of 43.85, a PEG ratio of 4.01 and a beta of 1.51. 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 issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. Equities research analysts predict that Kimco Realty Corp will post 1.62 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Kimco Realty Company 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.