UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $145.42 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kimco Realty Corp (NYSE:KIM) by 842.3% in the third quarter, HoldingsChannel reports. The firm owned 6,262,687 shares of the real estate investment trust’s stock after purchasing an additional 5,598,091 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kimco Realty were worth $145,420,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in Kimco Realty during the third quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty during the third quarter valued at approximately $37,000. Blue Trust Inc. lifted its position 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 acquiring an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Kimco Realty by 52.6% in 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 during the period. Finally, Castleview Partners LLC purchased a new position in Kimco Realty during the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KIM shares. Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Friday, August 16th. The Goldman Sachs Group raised their price objective on Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Robert W. Baird upped their target price on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Scotiabank raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Finally, Evercore ISI boosted their price objective on shares of 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.50.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $25.57 on Friday. The business’s 50-day simple moving average is $24.14 and its 200-day simple moving average is $22.00. 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 $25.83. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 46.49, a P/E/G ratio of 3.37 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced its quarterly 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 net margin of 19.58% and a return on equity of 3.68%. The company had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same quarter last year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. This is a positive change 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 dividend on an annualized basis and a yield of 3.91%. Kimco Realty’s payout ratio is currently 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.