Old Port Advisors Lowers Stake in Kimco Realty Corp (NYSE:KIM)

Old Port Advisors decreased its position in shares of Kimco Realty Corp (NYSE:KIM) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 118,563 shares of the real estate investment trust’s stock after selling 1,430 shares during the period. Old Port Advisors’ holdings in Kimco Realty were worth $2,778,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KIM. Catalyst Capital Advisors LLC acquired a new position in shares of Kimco Realty during the 3rd quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty in the third quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in Kimco Realty during the third quarter worth approximately $37,000. Quarry LP purchased a new position in Kimco Realty during the third quarter worth approximately $51,000. Finally, Castleview Partners LLC purchased a new position in Kimco Realty during the third quarter worth approximately $77,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.9 %

KIM stock traded down $0.22 during mid-day trading on Thursday, hitting $23.21. 424,444 shares of the company were exchanged, compared to its average volume of 4,484,233. The firm has a fifty day simple moving average of $24.46 and a 200 day simple moving average of $22.85. The company has a market capitalization of $15.65 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 3.22 and a beta of 1.50. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last released 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 business had revenue of $507.63 million during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.40 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.31%. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. UBS Group increased their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $28.00 to $25.00 in a research note on Thursday. The Goldman Sachs Group boosted their target price on Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Argus upgraded shares of Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. Finally, Robert W. Baird boosted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Eleven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.84.

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.