Trivant Custom Portfolio Group LLC Buys 5,859 Shares of Kimco Realty Corp (NYSE:KIM)

Trivant Custom Portfolio Group LLC boosted its position in shares of Kimco Realty Corp (NYSE:KIM) by 15.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 43,496 shares of the real estate investment trust’s stock after acquiring an additional 5,859 shares during the quarter. Trivant Custom Portfolio Group LLC’s holdings in Kimco Realty were worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 773 shares in the last quarter. UMB Bank n.a. lifted its stake in Kimco Realty by 112.6% in the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,787 shares during the period. Fidelis Capital Partners LLC bought a new stake in Kimco Realty in the first quarter valued at $70,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,144 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird upped their target price on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Evercore ISI boosted their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Wells Fargo & Company lifted their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, Argus upgraded Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and a consensus price target of $23.55.

Insider Activity

In related news, COO David Jamieson sold 50,000 shares of Kimco Realty 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 completion of the sale, the chief operating officer now owns 337,111 shares of the company’s stock, valued at $7,389,473.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded up $0.07 during trading on Friday, hitting $22.94. 2,791,059 shares of the company’s stock traded hands, compared to its average volume of 4,678,824. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $24.25. The business has a 50-day simple moving average of $22.80 and a 200-day simple moving average of $20.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $15.46 billion, a P/E ratio of 43.28, a PEG ratio of 4.03 and a beta of 1.50.

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

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. Kimco Realty’s dividend payout ratio is presently 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.