Kimco Realty Corp (NYSE:KIM) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 412.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 420,000 shares of the real estate investment trust’s stock after buying an additional 338,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kimco Realty were worth $9,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Kimco Realty in the third quarter valued at $25,000. Brooklyn Investment Group acquired a new stake in Kimco Realty in the 3rd quarter valued at about $37,000. Blue Trust Inc. boosted its stake in shares of Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,816 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in 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 acquiring an additional 1,787 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KIM. The Goldman Sachs Group increased their price objective 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. Compass Point raised their price target on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Robert W. Baird upped their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Piper Sandler restated an “overweight” rating and set a $29.00 target price (up previously from $26.00) on shares of Kimco Realty in a research note on Friday, August 2nd. 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. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Kimco Realty Price Performance

Kimco Realty stock opened at $25.58 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 business has a 50 day simple moving average of $24.14 and a 200-day simple moving average of $21.98. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock has a market capitalization of $17.24 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced 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 firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. Equities analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The firm 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 3.91%. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. Kimco Realty’s dividend 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.