Kimco Realty Corp (NYSE:KIM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of Kimco Realty Corp (NYSE:KIM) by 25.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 72,117 shares of the real estate investment trust’s stock after selling 24,455 shares during the period. Stifel Financial Corp’s holdings in Kimco Realty were worth $1,675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after buying an additional 5,598,091 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Kimco Realty by 43.3% in the 2nd 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 purchasing an additional 2,400,752 shares during the last quarter. FMR LLC increased its position in shares of Kimco Realty by 6.1% in the 3rd 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 last quarter. Canada Pension Plan Investment Board raised its stake 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 purchasing an additional 1,193,600 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Kimco Realty by 71.5% during the second quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock worth $54,345,000 after purchasing an additional 1,164,029 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the subject of several research reports. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Friday. Truist Financial boosted their target price 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. Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Argus raised Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Finally, Compass Point upped their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.83.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $23.42 on Friday. The stock has a market capitalization of $15.79 billion, a P/E ratio of 42.58, a P/E/G ratio of 3.20 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The business has a 50-day moving average price of $24.57 and a two-hundred day moving average price of $22.56.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $502.78 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were 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 was Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. Kimco Realty’s payout ratio is 181.82%.

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.