Benjamin F. Edwards & Company Inc. Has $77,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 378.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,975 shares of the real estate investment trust’s stock after purchasing an additional 3,144 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Kimco Realty were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its position in shares of Kimco Realty by 1.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after purchasing an additional 522 shares during the period. Cascade Investment Advisors Inc. raised its position in Kimco Realty by 1.1% during the second quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 640 shares during the period. Checchi Capital Advisers LLC raised its position in Kimco Realty by 5.0% during the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 663 shares during the period. Baker Ellis Asset Management LLC raised its position in Kimco Realty by 0.5% during the first quarter. Baker Ellis Asset Management LLC now owns 129,802 shares of the real estate investment trust’s stock valued at $2,545,000 after buying an additional 680 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 773 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $22.96 on Friday. 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 firm has a market cap of $15.48 billion, a price-to-earnings ratio of 43.32, a P/E/G ratio of 4.03 and a beta of 1.51. The business’s 50-day simple moving average is $22.57 and its 200-day simple moving average is $20.25. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $24.25.

Kimco Realty (NYSE:KIM) last issued 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 company had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. As a group, equities research analysts expect that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 181.13%.

Wall Street Analyst Weigh In

KIM has been the topic of several recent analyst reports. Scotiabank upped their price target on Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Mizuho downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $23.00 in a research note on Monday, August 19th. Piper Sandler restated an “overweight” rating and issued a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. Finally, Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Friday, August 16th. Ten research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.55.

Insider Buying and Selling at Kimco Realty

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

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.