GSA Capital Partners LLP Purchases Shares of 13,025 Kimco Realty Corp (NYSE:KIM)

GSA Capital Partners LLP purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 13,025 shares of the real estate investment trust’s stock, valued at approximately $302,000.

Several other institutional investors have also added to or reduced their stakes in KIM. O Shaughnessy Asset Management LLC boosted its position in Kimco Realty by 5.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 66,563 shares of the real estate investment trust’s stock valued at $1,305,000 after buying an additional 3,164 shares during the period. 1832 Asset Management L.P. boosted its position in Kimco Realty by 238.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,431,356 shares of the real estate investment trust’s stock valued at $28,069,000 after buying an additional 1,008,956 shares during the period. Lazard Asset Management LLC boosted its position in Kimco Realty by 47.2% during the 1st quarter. Lazard Asset Management LLC now owns 30,398 shares of the real estate investment trust’s stock valued at $595,000 after buying an additional 9,748 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Kimco Realty in the 1st quarter worth about $2,841,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Kimco Realty by 30.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust’s stock worth $114,659,000 after purchasing an additional 1,381,490 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.2 %

NYSE:KIM opened at $25.37 on Friday. The firm has a market cap of $17.10 billion, a P/E ratio of 46.05, a P/E/G ratio of 3.28 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.46. The firm has a 50-day simple moving average of $23.91 and a two-hundred day simple moving average of $21.71.

Kimco Realty (NYSE:KIM) last released 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). The firm had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. Analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.25 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 174.55%.

Analyst Ratings Changes

Several equities research analysts have recently commented on KIM shares. Scotiabank raised their target price 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. Argus raised shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Truist Financial raised their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 target price (up from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. Finally, Compass Point increased their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.