Mutual of America Capital Management LLC Sells 1,164 Shares of Kimco Realty Corp (NYSE:KIM)

Mutual of America Capital Management LLC reduced its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 1.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 83,005 shares of the real estate investment trust’s stock after selling 1,164 shares during the period. Mutual of America Capital Management LLC’s holdings in Kimco Realty were worth $1,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KIM. Janus Henderson Group PLC boosted its position in Kimco Realty by 3,711.4% in the first quarter. Janus Henderson Group PLC now owns 2,828,917 shares of the real estate investment trust’s stock valued at $55,462,000 after buying an additional 2,754,695 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Kimco Realty by 43.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock valued at $154,583,000 after acquiring an additional 2,400,752 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position 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 acquiring an additional 1,381,490 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock valued at $221,740,000 after buying an additional 1,193,600 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Kimco Realty by 71.5% in the second quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock valued at $54,345,000 after acquiring an additional 1,164,029 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 0.2 %

Shares of NYSE:KIM opened at $25.37 on Monday. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $17.10 billion, a PE ratio of 46.13, a P/E/G ratio of 3.32 and a beta of 1.50. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.46. The firm has a fifty day moving average price of $23.93 and a 200 day moving average price of $21.77.

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

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.25 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.94%. Kimco Realty’s payout ratio is 174.55%.

Analyst Ratings Changes

KIM has been the topic of a number of analyst reports. The Goldman Sachs Group raised their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Evercore ISI raised their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Piper Sandler restated an “overweight” rating and set a $29.00 target price (up from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Mizuho cut shares of Kimco Realty from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Finally, Truist Financial upped their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Nine investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.14.

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.