Kimco Realty Corp (NYSE:KIM) Holdings Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in Kimco Realty Corp (NYSE:KIM) by 24.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,370 shares of the real estate investment trust’s stock after acquiring an additional 17,734 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kimco Realty were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in 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 stake in 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 buying an additional 773 shares in the last quarter. Castleview Partners LLC acquired a new position in Kimco Realty during the third quarter worth about $77,000. UMB Bank n.a. raised its position 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 in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Kimco Realty in the 1st quarter valued at about $70,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE KIM opened at $24.02 on Thursday. 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 firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 45.32, a price-to-earnings-growth ratio of 4.10 and a beta of 1.50. The company has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $21.02. Kimco Realty Corp has a 52-week low of $17.31 and a 52-week high of $24.67.

Kimco Realty (NYSE:KIM) last issued 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). Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The company had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. During the same period last year, the business earned $0.39 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that Kimco Realty Corp will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KIM shares. 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 note on Thursday, September 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. 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 research report on Wednesday, August 28th. Argus upgraded Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Finally, Robert W. Baird upped their target price on Kimco Realty from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.55.

Insider Transactions at Kimco Realty

In related news, COO David Jamieson sold 50,000 shares of the business’s stock in a transaction that occurred 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 approximately $7,389,473.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

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.