Duff & Phelps Investment Management Co. Has $101.82 Million Stake in Kimco Realty Corp (NYSE:KIM)

Duff & Phelps Investment Management Co. reduced its holdings in Kimco Realty Corp (NYSE:KIM) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,384,928 shares of the real estate investment trust’s stock after selling 43,576 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.65% of Kimco Realty worth $101,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at $25,000. Brooklyn Investment Group bought a new stake in Kimco Realty in the third quarter valued at about $37,000. Blue Trust Inc. increased its holdings 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 purchasing an additional 1,816 shares during the last quarter. Quarry LP acquired a new position in Kimco Realty in the third quarter valued at about $51,000. Finally, UMB Bank n.a. boosted its holdings in Kimco Realty by 112.6% during the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,787 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 0.4 %

NYSE:KIM opened at $25.19 on Monday. The stock has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $22.23. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a market cap of $16.98 billion, a PE ratio of 45.80, a PEG ratio of 3.30 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 (NYSE:KIM) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). The business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, sell-side analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.25 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, December 5th. Kimco Realty’s payout ratio is presently 181.82%.

Analysts Set New Price Targets

KIM has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their target price 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. Robert W. Baird lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Raymond James upgraded shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Friday, August 16th. Finally, Compass Point lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Nine investment 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 a consensus rating of “Moderate Buy” and an average target price of $24.50.

Kimco Realty Company 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.