ING Groep NV Has $3.48 Million Position in Kimco Realty Corp (NYSE:KIM)

ING Groep NV lessened its holdings in Kimco Realty Corp (NYSE:KIM) by 40.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,756 shares of the real estate investment trust’s stock after selling 102,747 shares during the period. ING Groep NV’s holdings in Kimco Realty were worth $3,477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in shares of Kimco Realty in the 1st quarter worth approximately $200,043,000. Vanguard Group Inc. lifted its holdings in shares of Kimco Realty by 7.7% during the first quarter. Vanguard Group Inc. now owns 110,267,579 shares of the real estate investment trust’s stock valued at $2,162,347,000 after acquiring an additional 7,931,013 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Kimco Realty by 3,711.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,828,917 shares of the real estate investment trust’s stock valued at $55,462,000 after purchasing an additional 2,754,695 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Kimco Realty by 43.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock worth $154,583,000 after purchasing an additional 2,400,752 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Kimco Realty by 30.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,846,943 shares of the real estate investment trust’s stock worth $114,659,000 after purchasing an additional 1,381,490 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on KIM. Raymond James raised shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a research note on Friday, August 16th. Wells Fargo & Company raised their price target on Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Scotiabank boosted their price objective on Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Robert W. Baird raised their target price on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Truist Financial upped their price target on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.14.

Kimco Realty Stock Up 0.7 %

Shares of KIM stock opened at $24.89 on Friday. The firm’s fifty day moving average price is $23.77 and its two-hundred day moving average price is $21.53. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.19. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $16.78 billion, a P/E ratio of 45.25, a PEG ratio of 3.28 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million for the quarter, compared to the consensus estimate 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 was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. On average, equities analysts predict that Kimco Realty Corp will post 1.64 EPS 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio is presently 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.