O Keefe Stevens Advisory Inc. Has $8.87 Million Position in Kimco Realty Corp (NYSE:KIM)

O Keefe Stevens Advisory Inc. lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,489 shares of the real estate investment trust’s stock after purchasing an additional 3,791 shares during the quarter. Kimco Realty accounts for 2.7% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 14th largest position. O Keefe Stevens Advisory Inc.’s holdings in Kimco Realty were worth $8,868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after purchasing an additional 5,598,091 shares during the period. FMR LLC lifted its position in Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after acquiring an additional 1,283,352 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Kimco Realty by 11.7% in the 2nd 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 purchasing an additional 1,193,600 shares during the period. Sei Investments Co. raised its stake in shares of Kimco Realty by 71.5% in the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock valued at $54,345,000 after purchasing an additional 1,164,029 shares during the period. Finally, State Street Corp lifted its holdings in shares of Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock valued at $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

KIM has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Friday, December 20th. UBS Group raised their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Scotiabank lifted their price objective 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. Eleven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.84.

Kimco Realty Stock Performance

NYSE:KIM opened at $22.35 on Friday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock’s 50-day simple moving average is $24.02 and its 200 day simple moving average is $23.10. The firm has a market capitalization of $15.06 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 2.73 and a beta of 1.51.

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 the consensus estimate of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. On average, analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.48%. 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.