Metis Global Partners LLC Has $2.43 Million Position in Kimco Realty Corp (NYSE:KIM)

Metis Global Partners LLC grew its stake in Kimco Realty Corp (NYSE:KIM) by 21.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,481 shares of the real estate investment trust’s stock after buying an additional 18,317 shares during the period. Metis Global Partners LLC’s holdings in Kimco Realty were worth $2,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KIM. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at about $25,000. Blue Trust Inc. lifted its holdings in shares of Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 773 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 1,787 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Kimco Realty by 378.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,144 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Kimco Realty stock opened at $24.89 on Friday. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.19. The business has a 50-day simple moving average of $23.73 and a 200 day simple moving average of $21.49. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 3.28 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million during the quarter, compared to analysts’ expectations of $502.78 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Kimco Realty’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. 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. Kimco Realty’s payout ratio is 174.55%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Argus raised Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Wells Fargo & Company boosted their target price on Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Friday, August 16th. Nine equities research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.14.

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.