TD Asset Management Inc Has $4.46 Million Stake in Kimco Realty Corp (NYSE:KIM)

TD Asset Management Inc increased its position in Kimco Realty Corp (NYSE:KIM) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,317 shares of the real estate investment trust’s stock after buying an additional 8,294 shares during the period. TD Asset Management Inc’s holdings in Kimco Realty were worth $4,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Kimco Realty by 19.5% during the 4th quarter. Victory Capital Management Inc. now owns 127,779 shares of the real estate investment trust’s stock worth $2,723,000 after purchasing an additional 20,828 shares during the last quarter. Principal Securities Inc. bought a new position in Kimco Realty during the fourth quarter valued at about $29,000. AGF Management Ltd. lifted its position in shares of Kimco Realty by 7.4% in the fourth quarter. AGF Management Ltd. now owns 44,134 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 3,032 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kimco Realty by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,194,513 shares of the real estate investment trust’s stock worth $195,942,000 after acquiring an additional 24,036 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Kimco Realty by 21.8% during the 4th quarter. Principal Financial Group Inc. now owns 1,145,255 shares of the real estate investment trust’s stock valued at $24,405,000 after acquiring an additional 205,090 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 0.5 %

Shares of KIM stock opened at $23.49 on Thursday. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $23.57. The firm’s fifty day simple moving average is $21.85 and its 200 day simple moving average is $19.94. The firm has a market capitalization of $15.83 billion, a P/E ratio of 44.32, a price-to-earnings-growth ratio of 3.92 and a beta of 1.51. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.72.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). The business had revenue of $500.20 million during the quarter, compared to the consensus estimate of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, sell-side analysts predict that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the business’s stock in a transaction on 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 sale, the chief operating officer now owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird boosted their target price on Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Scotiabank boosted their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Friday, August 16th. Piper Sandler restated an “overweight” rating and issued a $29.00 price objective (up from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. Finally, Truist Financial boosted their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.55.

Kimco Realty 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.