Brooklyn Investment Group Acquires Shares of 1,576 Kimco Realty Corp (NYSE:KIM)

Brooklyn Investment Group acquired a new position in shares of Kimco Realty Corp (NYSE:KIM) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,576 shares of the real estate investment trust’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its position in Kimco Realty by 1.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 522 shares during the last quarter. CWM LLC grew its position in shares of Kimco Realty by 4.7% in the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 595 shares during the last quarter. Cascade Investment Advisors Inc. grew its position in shares of Kimco Realty by 1.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 640 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of Kimco Realty by 5.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 663 shares during the last quarter. Finally, Truist Financial Corp grew its position in shares of Kimco Realty by 2.0% in the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on KIM shares. UBS Group upped their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler reiterated an “overweight” rating and issued a $29.00 price target (up previously from $26.00) on shares of Kimco Realty in a research report on Friday, August 2nd. Scotiabank upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Wells Fargo & Company upped their target price on Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Evercore ISI upped their target price on Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.50.

Kimco Realty Stock Down 0.8 %

KIM stock opened at $25.58 on Friday. The stock’s 50 day simple moving average is $24.14 and its 200 day simple moving average is $21.98. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. 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 company has a market cap of $17.24 billion, a P/E ratio of 46.51, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data 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). The company had revenue of $507.63 million during 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 business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. On average, research analysts expect 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 paid 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 dividend yield of 3.91%. Kimco Realty’s dividend payout ratio is 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.