Acadian Asset Management LLC Acquires 11,296 Shares of Kimco Realty Corp (NYSE:KIM)

Acadian Asset Management LLC increased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 49,113.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,319 shares of the real estate investment trust’s stock after purchasing an additional 11,296 shares during the quarter. Acadian Asset Management LLC’s holdings in Kimco Realty were worth $219,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its position in Kimco Realty by 20.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,642 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 791 shares during the last quarter. Candriam S.C.A. acquired a new position in Kimco Realty during the 2nd quarter worth approximately $6,313,000. Nicholas Hoffman & Company LLC. boosted its position in Kimco Realty by 5.9% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 17,981 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 1,000 shares during the last quarter. TD Asset Management Inc boosted its position in Kimco Realty by 3.8% during the 2nd quarter. TD Asset Management Inc now owns 229,317 shares of the real estate investment trust’s stock worth $4,463,000 after acquiring an additional 8,294 shares during the last quarter. Finally, Naviter Wealth LLC boosted its position in Kimco Realty by 2.5% during the 2nd quarter. Naviter Wealth LLC now owns 43,619 shares of the real estate investment trust’s stock worth $849,000 after acquiring an additional 1,084 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.24 on Friday. The business has a fifty day simple moving average of $22.41 and a two-hundred day simple moving average of $20.14. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $24.25. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 4.01 and a beta of 1.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73.

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

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.13%. The ex-dividend date was Thursday, September 5th. Kimco Realty’s payout ratio is 181.13%.

Insiders Place Their Bets

In related news, COO David Jamieson sold 50,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was 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 owns 337,111 shares in the company, valued at $7,389,473.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KIM shares. Scotiabank upped their price target on Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company increased their price objective on Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Raymond James raised Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Friday, August 16th. Evercore ISI increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. increased their price objective on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Ten 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.com, Kimco Realty 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.