Catalytic Wealth RIA LLC Makes New Investment in Kimco Realty Corp (NYSE:KIM)

Catalytic Wealth RIA LLC purchased a new position in shares of Kimco Realty Corp (NYSE:KIM) in the 3rd quarter, Holdings Channel reports. The firm purchased 12,662 shares of the real estate investment trust’s stock, valued at approximately $294,000.

A number of other large investors also recently modified their holdings of KIM. Vanguard Personalized Indexing Management LLC grew its holdings in Kimco Realty by 1.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 522 shares during the last quarter. CWM LLC increased its holdings in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 595 shares during the period. Cascade Investment Advisors Inc. raised its position in Kimco Realty by 1.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock worth $1,110,000 after purchasing an additional 640 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Kimco Realty by 5.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 663 shares during the period. Finally, Truist Financial Corp grew its position in shares of Kimco Realty by 2.0% in the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 0.5 %

Shares of NYSE KIM opened at $25.06 on Tuesday. 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 $17.51 and a 1 year high of $25.09. The stock has a market capitalization of $16.89 billion, a P/E ratio of 45.56, a P/E/G ratio of 3.29 and a beta of 1.50. The company has a 50-day moving average price of $23.61 and a 200-day moving average price of $21.35.

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

Kimco Realty Increases Dividend

The business 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. The ex-dividend date is Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.99%. Kimco Realty’s dividend payout ratio (DPR) is 181.82%.

Analyst Ratings Changes

Several analysts recently commented on the company. Argus upgraded Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Wells Fargo & Company upped their price objective 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. Mizuho downgraded shares of Kimco Realty from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Truist Financial upped their price target 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, Scotiabank lifted their price objective on Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $23.95.

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.