Geode Capital Management LLC Purchases 53,378 Shares of Kimco Realty Corp (NYSE:KIM)

Geode Capital Management LLC raised its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,215,209 shares of the real estate investment trust’s stock after purchasing an additional 53,378 shares during the period. Geode Capital Management LLC owned 2.55% of Kimco Realty worth $398,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Captrust Financial Advisors increased its holdings in Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Kimco Realty by 1.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 522 shares in the last quarter. CWM LLC increased its position in shares of Kimco Realty by 4.7% in the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 595 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Kimco Realty by 5.0% during the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 663 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock worth $724,000 after acquiring an additional 746 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on KIM shares. Compass Point raised their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. UBS Group upped their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted 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. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Robert W. Baird lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $24.70.

Kimco Realty Stock Up 0.5 %

Shares of KIM stock opened at $24.61 on Friday. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 3.20 and a beta of 1.50. The firm’s 50-day moving average is $24.47 and its 200-day moving average is $22.35.

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 (EPS) 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 business had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. During the same period in the previous year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

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.