Kimco Realty Corp (NYSE:KIM) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in shares of Kimco Realty Corp (NYSE:KIM) by 145.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,604 shares of the real estate investment trust’s stock after purchasing an additional 21,690 shares during the quarter. Sanctuary Advisors LLC’s holdings in Kimco Realty were worth $929,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after buying an additional 5,598,091 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Kimco Realty by 43.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock worth $154,583,000 after acquiring an additional 2,400,752 shares during the last quarter. FMR LLC raised its holdings in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Kimco Realty by 11.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock valued at $221,740,000 after purchasing an additional 1,193,600 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Kimco Realty by 71.5% in the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock valued at $54,345,000 after purchasing an additional 1,164,029 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.42 on Monday. 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 1 year low of $17.57 and a 1 year high of $25.83. The firm’s 50-day simple moving average is $24.57 and its 200-day simple moving average is $22.61. The firm has a market cap of $15.79 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 3.20 and a beta of 1.50.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $502.78 million. During the same quarter in the previous year, the company earned $0.40 EPS. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.25 per share. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 4.27%. Kimco Realty’s payout ratio is presently 181.82%.

Analysts Set New Price Targets

Several research firms recently commented on KIM. Wells Fargo & Company raised their price target 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. The Goldman Sachs Group raised their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Mizuho upped their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.83.

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.