Kimco Realty Corp (NYSE:KIM) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in Kimco Realty Corp (NYSE:KIM) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 42,782 shares of the real estate investment trust’s stock after purchasing an additional 522 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Kimco Realty were worth $816,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in Kimco Realty in the 4th quarter valued at approximately $29,000. Blue Trust Inc. increased its holdings in Kimco Realty by 613.5% in 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Kimco Realty by 52.6% in 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 during the last quarter. UMB Bank n.a. increased its holdings in Kimco Realty by 112.6% in 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 during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in Kimco Realty in the 1st quarter valued at approximately $70,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Insiders Place Their Bets

In other news, COO David Jamieson sold 50,000 shares of Kimco Realty stock in a transaction dated 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 sale, the chief operating officer now owns 337,111 shares of the company’s stock, valued at $7,389,473.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on KIM. Robert W. Baird raised their price target 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. Scotiabank lifted their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. 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. Mizuho cut shares of Kimco Realty from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Finally, Raymond James raised shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Friday, August 16th. Ten investment 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. According to MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus target price of $23.55.

Kimco Realty Stock Performance

NYSE KIM opened at $23.63 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $15.93 billion, a PE ratio of 44.58, a P/E/G ratio of 4.01 and a beta of 1.51. Kimco Realty Corp has a one year low of $16.34 and a one year high of $24.25. The firm’s fifty day moving average is $22.51 and its two-hundred day moving average is $20.20.

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 analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. Analysts expect that Kimco Realty Corp will post 1.62 earnings per share 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 paid a $0.24 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.06%. Kimco Realty’s dividend payout ratio is currently 181.13%.

Kimco Realty 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.