Susquehanna Fundamental Investments LLC Purchases New Stake in Kimco Realty Corp (NYSE:KIM)

Susquehanna Fundamental Investments LLC bought a new position in Kimco Realty Corp (NYSE:KIM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 164,124 shares of the real estate investment trust’s stock, valued at approximately $3,194,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Evercore ISI lifted their price target on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Compass Point increased their price target on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Mizuho lowered 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 note on Monday, August 19th. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Friday, August 16th. Finally, The Goldman Sachs Group raised their price objective on Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.55.

Kimco Realty Stock Up 0.4 %

Shares of KIM opened at $22.96 on Monday. The business’s fifty day moving average price is $22.61 and its two-hundred day moving average price is $20.28. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 4.03 and a beta of 1.51. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $24.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $500.87 million. During the same period last year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, analysts predict that Kimco Realty Corp will post 1.62 earnings per share 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 issued a dividend of $0.24 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.18%. Kimco Realty’s dividend payout ratio (DPR) is currently 181.13%.

Insider Activity at Kimco Realty

In related news, COO David Jamieson sold 50,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the completion of the transaction, the chief operating officer now directly owns 337,111 shares in the company, valued at $7,389,473.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

About Kimco Realty

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.