Handelsbanken Fonder AB Buys 16,700 Shares of Kimco Realty Corp (NYSE:KIM)

Handelsbanken Fonder AB boosted its position in Kimco Realty Corp (NYSE:KIM) by 10.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,742 shares of the real estate investment trust’s stock after buying an additional 16,700 shares during the period. Handelsbanken Fonder AB’s holdings in Kimco Realty were worth $4,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC increased its holdings in shares of Kimco Realty by 15.6% during the third quarter. Trivant Custom Portfolio Group LLC now owns 43,496 shares of the real estate investment trust’s stock valued at $1,010,000 after acquiring an additional 5,859 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Kimco Realty during the 3rd quarter valued at $228,000. Czech National Bank raised its holdings in Kimco Realty by 8.0% during the third quarter. Czech National Bank now owns 137,323 shares of the real estate investment trust’s stock worth $3,189,000 after buying an additional 10,149 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Kimco Realty in the second quarter valued at $274,000. Finally, Truist Financial Corp grew its holdings in shares of Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

KIM has been the topic of a number of analyst reports. Robert W. Baird upped 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. Wells Fargo & Company raised their target price on Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Compass Point upped their price target on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. 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 report on Friday, August 2nd. Finally, Truist Financial lifted their price objective 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. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.55.

Insider Transactions at Kimco Realty

In related news, COO David Jamieson sold 50,000 shares of the company’s stock in a transaction that occurred 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 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Stock Down 0.3 %

Kimco Realty stock opened at $22.86 on Wednesday. The firm has a 50 day moving average price of $22.85 and a 200-day moving average price of $20.47. 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 Corp has a twelve month low of $16.34 and a twelve month high of $24.25. The company has a market capitalization of $15.41 billion, a P/E ratio of 43.13, a P/E/G ratio of 4.03 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its 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 firm had revenue of $500.20 million during the quarter, compared to analysts’ expectations of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, equities analysts predict that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given 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 yield of 4.20%. Kimco Realty’s dividend payout ratio 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.