202,572 Shares in Kimco Realty Corp (NYSE:KIM) Bought by BNC Wealth Management LLC

BNC Wealth Management LLC bought a new position in Kimco Realty Corp (NYSE:KIM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 202,572 shares of the real estate investment trust’s stock, valued at approximately $4,746,000. Kimco Realty comprises about 1.6% of BNC Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after acquiring an additional 5,598,091 shares during the period. FMR LLC raised its stake in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after acquiring an additional 1,283,352 shares during the period. Sei Investments Co. raised its stake in Kimco Realty by 71.5% during the second quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock worth $54,345,000 after acquiring an additional 1,164,029 shares during the period. State Street Corp raised its stake in Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after acquiring an additional 882,047 shares during the period. Finally, Millennium Management LLC raised its stake in Kimco Realty by 146.6% during the second quarter. Millennium Management LLC now owns 1,477,297 shares of the real estate investment trust’s stock worth $28,748,000 after acquiring an additional 878,217 shares during the period. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

KIM has been the topic of several research reports. Scotiabank increased 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 note on Monday, November 25th. Robert W. Baird upped their target price 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. 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 report on Friday, November 8th. Mizuho upped their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Eleven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.84.

Kimco Realty Stock Performance

NYSE KIM opened at $22.35 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 2.73 and a beta of 1.51. The company’s fifty day moving average is $24.02 and its two-hundred day moving average is $23.12. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM) last released 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). 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. Equities research analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.25 per share. 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 4.48%. The ex-dividend date was Thursday, December 5th. 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.