Toronto Dominion Bank Boosts Holdings in Kimco Realty Corp (NYSE:KIM)

Toronto Dominion Bank raised its position in Kimco Realty Corp (NYSE:KIM) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 334,091 shares of the real estate investment trust’s stock after acquiring an additional 7,049 shares during the quarter. Toronto Dominion Bank’s holdings in Kimco Realty were worth $7,758,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Kimco Realty during the third quarter worth about $25,000. Brooklyn Investment Group acquired a new position in Kimco Realty during the 3rd quarter worth approximately $37,000. Blue Trust Inc. raised its stake in shares of Kimco Realty by 613.5% during the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,816 shares in the last quarter. Quarry LP acquired a new stake in shares of Kimco Realty in the 3rd quarter valued at approximately $51,000. Finally, UMB Bank n.a. boosted its stake in shares of Kimco Realty by 112.6% in the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 1,787 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on KIM shares. Scotiabank increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Mizuho raised their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial upped their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group lifted their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Compass Point upped their price target on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

Kimco Realty Stock Up 0.5 %

Shares of NYSE:KIM opened at $24.61 on Friday. The company has a market capitalization of $16.59 billion, a P/E ratio of 44.75, a P/E/G ratio of 3.20 and a beta of 1.50. The stock’s fifty day simple moving average is $24.50 and its 200-day simple moving average is $22.43. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results 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). The firm had revenue of $507.63 million for the quarter, compared to analyst estimates 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 for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 earnings per share. As a group, equities research 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 declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.06%. Kimco Realty’s payout ratio is 181.82%.

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.