Kimco Realty Corp (NYSE:KIM) Shares Sold by Vanderbilt University

Vanderbilt University reduced its stake in Kimco Realty Corp (NYSE:KIM) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,649 shares of the real estate investment trust’s stock after selling 1,057 shares during the period. Vanderbilt University’s holdings in Kimco Realty were worth $1,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its holdings in shares of Kimco Realty by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 392,280 shares of the real estate investment trust’s stock worth $9,107,000 after purchasing an additional 1,503 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Kimco Realty by 24.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,370 shares of the real estate investment trust’s stock valued at $2,052,000 after buying an additional 17,734 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Kimco Realty during the third quarter valued at $276,000. IFM Investors Pty Ltd grew its position in shares of Kimco Realty by 0.8% during the third quarter. IFM Investors Pty Ltd now owns 284,496 shares of the real estate investment trust’s stock worth $6,606,000 after acquiring an additional 2,119 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Kimco Realty during the third quarter worth about $227,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

NYSE KIM traded up $0.43 on Monday, reaching $23.98. The company’s stock had a trading volume of 207,264 shares, compared to its average volume of 4,572,690. Kimco Realty Corp has a twelve month low of $16.86 and a twelve month high of $24.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73. The firm’s 50 day moving average is $23.36 and its two-hundred day moving average is $20.90. The stock has a market cap of $16.17 billion, a PE ratio of 44.43, a PEG ratio of 4.10 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). The business had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, sell-side analysts predict that Kimco Realty Corp will post 1.62 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, September 5th. Kimco Realty’s payout ratio is 181.13%.

Insider Transactions at Kimco Realty

In related news, COO David Jamieson sold 50,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $21.92, for a total value of $1,096,000.00. Following the completion of the transaction, the chief operating officer now owns 337,111 shares in the company, valued at $7,389,473.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on KIM. Mizuho lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $23.00 in a research note on Monday, August 19th. Robert W. Baird lifted their price target on Kimco Realty from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Wells Fargo & Company increased their price objective on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. The Goldman Sachs Group lifted their target price on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Argus upgraded Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $23.55.

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.