Kimco Realty Corp (NYSE:KIM) Holdings Boosted by Creative Planning

Creative Planning grew its stake in shares of Kimco Realty Corp (NYSE:KIM) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,130 shares of the real estate investment trust’s stock after acquiring an additional 1,740 shares during the period. Creative Planning’s holdings in Kimco Realty were worth $1,187,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KIM. Norden Group LLC acquired a new position in Kimco Realty during the 1st quarter worth $687,000. Commonwealth Equity Services LLC raised its holdings in Kimco Realty by 2.9% in the first quarter. Commonwealth Equity Services LLC now owns 55,957 shares of the real estate investment trust’s stock worth $1,097,000 after purchasing an additional 1,601 shares during the period. Van ECK Associates Corp raised its holdings in Kimco Realty by 11.1% in the first quarter. Van ECK Associates Corp now owns 278,873 shares of the real estate investment trust’s stock worth $5,469,000 after purchasing an additional 27,905 shares during the period. BNP Paribas Financial Markets raised its holdings in Kimco Realty by 63.5% in the first quarter. BNP Paribas Financial Markets now owns 1,031,957 shares of the real estate investment trust’s stock worth $20,237,000 after purchasing an additional 400,825 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Kimco Realty by 7.5% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,961 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 1,599 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Down 1.2 %

NYSE:KIM opened at $23.72 on Friday. The firm’s fifty day moving average is $23.46 and its 200-day moving average is $21.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. Kimco Realty Corp has a 52 week low of $17.31 and a 52 week high of $24.67. The firm has a market cap of $15.99 billion, a P/E ratio of 43.93, a P/E/G ratio of 4.10 and a beta of 1.50.

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

Wall Street Analyst Weigh In

KIM has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Robert W. Baird boosted their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Piper Sandler restated an “overweight” rating and issued a $29.00 target price (up from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. Finally, Argus raised shares of Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.55.

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.