Kimco Realty Corp (NYSE:KIM) Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kimco Realty Corp (NYSE:KIM) by 842.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,262,687 shares of the real estate investment trust’s stock after buying an additional 5,598,091 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.93% of Kimco Realty worth $145,420,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KIM. FMR LLC increased its stake in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. APG Asset Management US Inc. grew its position in shares of Kimco Realty by 1.6% during the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust’s stock valued at $288,155,000 after buying an additional 240,000 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Kimco Realty by 11.7% during the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock worth $221,740,000 after acquiring an additional 1,193,600 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kimco Realty by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 10,129,551 shares of the real estate investment trust’s stock worth $197,116,000 after acquiring an additional 94,811 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Kimco Realty by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after acquiring an additional 405,685 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Evercore ISI increased their price target on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Wells Fargo & Company increased their target price on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Scotiabank boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Truist Financial increased their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Robert W. Baird boosted their target price on shares of 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, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Kimco Realty Stock Down 0.8 %

Shares of KIM stock opened at $25.57 on Friday. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The business’s fifty day moving average is $24.14 and its 200-day moving average is $22.00. The stock has a market cap of $17.24 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 3.37 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 analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same period in the previous year, the firm earned $0.40 earnings per share. Kimco Realty’s revenue was up 13.8% on a year-over-year basis. Equities analysts expect 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 will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.25 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty’s 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.