GSA Capital Partners LLP Acquires New Holdings in Kimco Realty Corp (NYSE:KIM)

GSA Capital Partners LLP acquired a new stake in Kimco Realty Corp (NYSE:KIM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,025 shares of the real estate investment trust’s stock, valued at approximately $302,000.

Several other large investors also recently modified their holdings of KIM. Janus Henderson Group PLC increased its holdings in shares of Kimco Realty by 3,711.4% during the first quarter. Janus Henderson Group PLC now owns 2,828,917 shares of the real estate investment trust’s stock valued at $55,462,000 after acquiring an additional 2,754,695 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Kimco Realty by 43.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock valued at $154,583,000 after buying an additional 2,400,752 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Kimco Realty by 30.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust’s stock valued at $114,659,000 after purchasing an additional 1,381,490 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Kimco Realty by 11.7% in the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock worth $221,740,000 after acquiring an additional 1,193,600 shares during the period. Finally, Sei Investments Co. raised its position in Kimco Realty by 71.5% in the second quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock worth $54,345,000 after acquiring an additional 1,164,029 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KIM has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Scotiabank boosted their price target on shares of Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Robert W. Baird upped their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 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 report on Tuesday, September 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and an average target price of $24.14.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $25.37 on Friday. The company’s fifty day moving average price is $23.91 and its 200-day moving average price is $21.71. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.28 and a beta of 1.50. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million during the quarter, compared to analysts’ expectations of $502.78 million. During the same period last year, the company posted $0.40 EPS. Kimco Realty’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, equities research analysts anticipate that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.25 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.94%. Kimco Realty’s dividend payout ratio is 174.55%.

About Kimco Realty

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.