Centaurus Financial Inc. Sells 3,190 Shares of Kimco Realty Corp (NYSE:KIM)

Centaurus Financial Inc. lessened its holdings in Kimco Realty Corp (NYSE:KIM) by 27.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,455 shares of the real estate investment trust’s stock after selling 3,190 shares during the quarter. Centaurus Financial Inc.’s holdings in Kimco Realty were worth $196,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new position in Kimco Realty in the third quarter worth about $25,000. Blue Trust Inc. raised its holdings 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 worth $41,000 after buying an additional 1,816 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Kimco Realty by 52.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares during the period. UMB Bank n.a. boosted its stake in Kimco Realty by 112.6% in the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 1,787 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in 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 acquiring an additional 3,144 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $25.78 on Thursday. The firm has a market cap of $17.38 billion, a PE ratio of 46.87, a P/E/G ratio of 3.34 and a beta of 1.50. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.80. The company’s fifty day simple moving average is $24.04 and its 200-day simple moving average is $21.91. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted 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 for 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 company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. Equities research analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently declared 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 is Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 3.88%. Kimco Realty’s payout ratio is 174.55%.

Analysts Set New Price Targets

A number of research analysts have issued reports on KIM shares. Scotiabank lifted their price objective on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday. Wells Fargo & Company raised their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Argus raised Kimco Realty to a “strong-buy” rating in a report on Friday, September 6th. 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, Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Nine investment 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. According to MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

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.