Proficio Capital Partners LLC Purchases New Shares in Kimco Realty Corp (NYSE:KIM)

Proficio Capital Partners LLC purchased a new stake in Kimco Realty Corp (NYSE:KIM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 44,587 shares of the real estate investment trust’s stock, valued at approximately $1,045,000.

Several other institutional investors have also added to or reduced their stakes in KIM. Farther Finance Advisors LLC boosted its stake in Kimco Realty by 20.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,283 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 1,426 shares during the period. Van ECK Associates Corp boosted its stake in Kimco Realty by 10.7% in the 3rd quarter. Van ECK Associates Corp now owns 298,909 shares of the real estate investment trust’s stock valued at $7,162,000 after purchasing an additional 29,002 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Kimco Realty in the 3rd quarter valued at $25,000. Gulf International Bank UK Ltd boosted its stake in Kimco Realty by 8.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 47,170 shares of the real estate investment trust’s stock valued at $1,095,000 after purchasing an additional 3,648 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its stake in Kimco Realty by 0.9% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 846,112 shares of the real estate investment trust’s stock valued at $19,647,000 after purchasing an additional 7,524 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Price Performance

Kimco Realty stock opened at $21.40 on Friday. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $14.54 billion, a PE ratio of 38.22, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock has a 50-day moving average price of $22.23 and a two-hundred day moving average price of $23.35.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.67%. Kimco Realty’s dividend payout ratio is presently 178.57%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KIM shares. Wells Fargo & Company cut their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Evercore ISI cut their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. UBS Group upped their target price on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank cut their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.43.

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.