Kimco Realty Corp (NYSE:KIM) Stock Holdings Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC raised its position in Kimco Realty Corp (NYSE:KIM) by 49,113.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,319 shares of the real estate investment trust’s stock after purchasing an additional 11,296 shares during the quarter. Acadian Asset Management LLC’s holdings in Kimco Realty were worth $219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cascade Investment Advisors Inc. boosted its stake in shares of Kimco Realty by 1.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock worth $1,110,000 after acquiring an additional 640 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Kimco Realty by 5.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 663 shares during the last quarter. Baker Ellis Asset Management LLC lifted its position in shares of Kimco Realty by 0.5% during the 1st quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust’s stock worth $2,545,000 after purchasing an additional 680 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Kimco Realty by 17.4% during the 4th quarter. Quadrant Capital Group LLC now owns 4,833 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 717 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Kimco Realty by 52.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Insider Activity

In other news, COO David Jamieson sold 50,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $21.92, for a total value of $1,096,000.00. Following the completion of the sale, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Kimco Realty Price Performance

Shares of KIM opened at $23.24 on Friday. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 4.01 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. The business’s fifty day moving average price is $22.41 and its two-hundred day moving average price is $20.14. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $24.25.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 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 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 firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, analysts predict that Kimco Realty Corp will post 1.62 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.13%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KIM shares. The Goldman Sachs Group boosted their price objective on Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Mizuho cut Kimco Realty from an “outperform” rating to a “neutral” rating and upped their price target for the company from $20.00 to $23.00 in a report on Monday, August 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Wells Fargo & Company upped their price target on Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird upped their price target on Kimco Realty from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.