Pathstone Holdings LLC Has $2.20 Million Position in Kimco Realty Corp (NYSE:KIM)

Pathstone Holdings LLC cut its position in Kimco Realty Corp (NYSE:KIM) by 0.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 94,936 shares of the real estate investment trust’s stock after selling 866 shares during the quarter. Pathstone Holdings LLC’s holdings in Kimco Realty were worth $2,204,000 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. Catalyst Capital Advisors LLC acquired a new position in shares of Kimco Realty in the 3rd quarter valued at approximately $25,000. Blue Trust Inc. increased its position in 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 purchasing an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Kimco Realty by 52.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares in the last quarter. Castleview Partners LLC acquired a new position in Kimco Realty during the 3rd quarter worth approximately $77,000. Finally, UMB Bank n.a. increased its position in Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,787 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Truist Financial upped their price objective 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. Piper Sandler reiterated an “overweight” rating and set a $29.00 price objective (up from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Compass Point upped their price target on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.33.

Kimco Realty Trading Down 0.3 %

NYSE:KIM opened at $25.46 on Wednesday. The firm’s fifty day moving average is $24.00 and its 200-day moving average is $21.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.58. The firm has a market cap of $17.16 billion, a P/E ratio of 46.29, a P/E/G ratio of 3.32 and a beta of 1.50.

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

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.93%. Kimco Realty’s dividend payout ratio is currently 181.82%.

About Kimco Realty

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.