Signaturefd LLC Acquires 783 Shares of Kimco Realty Corp (NYSE:KIM)

Signaturefd LLC boosted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,441 shares of the real estate investment trust’s stock after buying an additional 783 shares during the quarter. Signaturefd LLC’s holdings in Kimco Realty were worth $196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KIM. Vanguard Personalized Indexing Management LLC increased its holdings in Kimco Realty by 1.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 522 shares in the last quarter. CWM LLC raised its position in shares of Kimco Realty by 4.7% during the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 595 shares during the period. Cascade Investment Advisors Inc. lifted 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 valued at $1,110,000 after buying an additional 640 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Kimco Realty by 5.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 663 shares during the period. Finally, Truist Financial Corp increased its stake in Kimco Realty by 2.0% in the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock worth $724,000 after buying an additional 746 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 1.7 %

NYSE KIM opened at $23.55 on Monday. Kimco Realty Corp has a 52 week low of $16.49 and a 52 week high of $24.67. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 4.10 and a beta of 1.50. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $23.36 and a two-hundred day moving average of $20.90.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty’s payout ratio is currently 181.13%.

Wall Street Analysts Forecast Growth

KIM has been the subject of several research analyst reports. Evercore ISI increased their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. The Goldman Sachs Group lifted 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. Compass Point upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Truist Financial lifted their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Nine equities 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’s stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.55.

Insider Buying and Selling at Kimco Realty

In other news, COO David Jamieson sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 337,111 shares in the company, valued at approximately $7,389,473.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

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.