MML Investors Services LLC Increases Stake in Kimco Realty Corp (NYSE:KIM)

MML Investors Services LLC grew its position in Kimco Realty Corp (NYSE:KIM) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,632 shares of the real estate investment trust’s stock after buying an additional 1,931 shares during the period. MML Investors Services LLC’s holdings in Kimco Realty were worth $409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Kimco Realty during the third quarter valued at approximately $1,490,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Kimco Realty by 20.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 251,008 shares of the real estate investment trust’s stock worth $5,828,000 after purchasing an additional 42,297 shares in the last quarter. State Street Corp increased its holdings in shares of Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Kimco Realty during the third quarter valued at $443,000. Finally, Quantinno Capital Management LP boosted its position in shares of Kimco Realty by 48.6% during the third quarter. Quantinno Capital Management LP now owns 36,731 shares of the real estate investment trust’s stock valued at $853,000 after buying an additional 12,005 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KIM shares. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. The Goldman Sachs Group increased their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. UBS Group lifted their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company boosted their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Evercore ISI raised their price target on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus target price of $24.83.

Kimco Realty Stock Up 0.0 %

KIM stock opened at $23.43 on Tuesday. The business’s 50-day moving average price is $24.57 and its 200-day moving average price is $22.64. The stock has a market cap of $15.79 billion, a P/E ratio of 42.60, a PEG ratio of 3.20 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83.

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 the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS. On average, equities research analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.27%. Kimco Realty’s dividend payout ratio (DPR) is currently 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.