Kimco Realty Corp (NYSE:KIM) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Kimco Realty Corp (NYSE:KIM) by 412.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 420,000 shares of the real estate investment trust’s stock after purchasing an additional 338,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Kimco Realty worth $9,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Catalyst Capital Advisors LLC purchased a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new position in Kimco Realty during the third quarter valued at $37,000. Blue Trust Inc. grew its position 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 during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kimco Realty by 52.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,787 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.8 %

Shares of NYSE:KIM opened at $25.58 on Friday. The business has a 50-day moving average price of $24.14 and a 200 day moving average price of $21.98. Kimco Realty Corp has a 12-month low of $17.57 and a 12-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. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 46.51, a PEG ratio of 3.37 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company 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 was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 earnings per share. Sell-side analysts expect that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Argus upgraded Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Truist Financial increased their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Raymond James raised shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Friday, August 16th. Scotiabank increased their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group upped their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.50.

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.