Apollon Wealth Management LLC Increases Position in Kimco Realty Corp (NYSE:KIM)

Apollon Wealth Management LLC boosted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,887 shares of the real estate investment trust’s stock after acquiring an additional 2,325 shares during the period. Apollon Wealth Management LLC’s holdings in Kimco Realty were worth $346,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KIM. Catalyst Capital Advisors LLC purchased a new stake in Kimco Realty during the 3rd quarter valued at about $25,000. Blue Trust Inc. grew 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 acquiring an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 acquiring an additional 773 shares in the last quarter. UMB Bank n.a. grew its stake in shares of 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 buying an additional 1,787 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Kimco Realty by 378.3% in 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 buying an additional 3,144 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of KIM opened at $24.89 on Monday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.19. The firm’s fifty day simple moving average is $23.77 and its 200-day simple moving average is $21.55. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 3.29 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The firm had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. Kimco Realty’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is 174.55%.

Analyst Upgrades and Downgrades

KIM has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. The Goldman Sachs Group increased their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Truist Financial upped their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Scotiabank upped their price objective 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. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.14.

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.