Swedbank AB Acquires 28,109 Shares of Kimco Realty Corp (NYSE:KIM)

Swedbank AB lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 5.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 555,094 shares of the real estate investment trust’s stock after purchasing an additional 28,109 shares during the period. Swedbank AB’s holdings in Kimco Realty were worth $12,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Kimco Realty by 2.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust’s stock worth $73,195,000 after acquiring an additional 103,861 shares during the last quarter. Invst LLC bought a new stake in shares of Kimco Realty during the first quarter valued at approximately $682,000. Victory Capital Management Inc. increased its holdings in shares of Kimco Realty by 48.8% in the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock valued at $19,422,000 after purchasing an additional 274,295 shares in the last quarter. Sei Investments Co. raised its position in Kimco Realty by 71.5% in the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock worth $54,345,000 after purchasing an additional 1,164,029 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Kimco Realty by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after buying an additional 405,685 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Down 0.3 %

Shares of Kimco Realty stock opened at $25.46 on Wednesday. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.58. 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 business’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $21.88. The firm has a market cap of $17.16 billion, a PE ratio of 46.29, a P/E/G ratio of 3.32 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts predict that Kimco Realty Corp will post 1.64 earnings per share 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. Stockholders of record on Thursday, December 5th will be issued a $0.25 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.93%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Mizuho lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and raised their target price for the company from $20.00 to $23.00 in a research note on Monday, August 19th. Truist Financial boosted their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Finally, Robert W. Baird raised their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

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.