Kimco Realty Corp (NYSE:KIM) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its stake in shares of Kimco Realty Corp (NYSE:KIM) by 20.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,642 shares of the real estate investment trust’s stock after buying an additional 791 shares during the period. Cullen Frost Bankers Inc.’s holdings in Kimco Realty were worth $90,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Securities Inc. bought a new position in shares of Kimco Realty during the 4th quarter valued at about $29,000. Blue Trust Inc. boosted its position in shares of Kimco Realty by 613.5% during the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Kimco Realty by 52.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 773 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,787 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Kimco Realty in the first quarter worth about $70,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE KIM opened at $23.37 on Wednesday. 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 stock has a market capitalization of $15.75 billion, a PE ratio of 44.10, a price-to-earnings-growth ratio of 3.92 and a beta of 1.51. The company has a 50 day moving average price of $21.77 and a two-hundred day moving average price of $19.92. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $23.53.

Kimco Realty (NYSE:KIM) last posted 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). The business had revenue of $500.20 million during 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%. Kimco Realty’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. As a group, equities analysts predict 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 will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, September 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Insider Buying and Selling at Kimco Realty

In other news, COO David Jamieson sold 50,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 337,111 shares in the company, valued at $7,389,473.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on KIM shares. Compass Point raised 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. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Wells Fargo & Company raised their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Scotiabank raised their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Finally, Evercore ISI raised their target price on shares of Kimco Realty from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Nine 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.55.

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.