Sanctuary Advisors LLC increased its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 145.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 36,604 shares of the real estate investment trust's stock after purchasing an additional 21,690 shares during the period. Sanctuary Advisors LLC's holdings in Kimco Realty were worth $929,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in Kimco Realty during the 3rd quarter worth $2,387,000. Victory Capital Management Inc. boosted its stake in shares of Kimco Realty by 48.8% during the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust's stock worth $19,422,000 after buying an additional 274,295 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock worth $220,131,000 after buying an additional 405,685 shares during the last quarter. Sei Investments Co. increased its position in 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 acquiring an additional 1,164,029 shares during the period. Finally, Swedbank AB raised its stake in Kimco Realty by 5.3% during the 3rd quarter. Swedbank AB now owns 555,094 shares of the real estate investment trust's stock valued at $12,889,000 after acquiring an additional 28,109 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on KIM shares. Mizuho boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Scotiabank upped their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. JPMorgan Chase & Co. lowered shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target on the stock. in a research note on Friday. Truist Financial raised their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company a "hold" rating in a research report on Wednesday, August 28th. Finally, Compass Point increased their target price on Kimco Realty from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.83.
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Shares of Kimco Realty stock opened at $23.42 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The business has a 50 day moving average price of $24.57 and a 200 day moving average price of $22.61. The company has a market capitalization of $15.79 billion, a P/E ratio of 42.58, a P/E/G ratio of 3.20 and a beta of 1.50.
Kimco Realty (NYSE:KIM - Get Free Report) last posted 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 period in the prior year, the firm earned $0.40 EPS. The business's quarterly revenue was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.25 per share. This is a boost from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.27%. Kimco Realty's dividend payout ratio (DPR) is 181.82%.
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.
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