Sanctuary Advisors LLC Takes $274,000 Position in Kimco Realty Corp (NYSE:KIM)

Sanctuary Advisors LLC acquired a new stake in Kimco Realty Corp (NYSE:KIM) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 14,914 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Several other hedge funds also recently modified their holdings of the stock. ProShare Advisors LLC grew its holdings in Kimco Realty by 71.0% during the first quarter. ProShare Advisors LLC now owns 180,041 shares of the real estate investment trust’s stock worth $3,531,000 after purchasing an additional 74,729 shares during the period. Vanguard Group Inc. grew its holdings in 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 worth $2,162,347,000 after purchasing an additional 7,931,013 shares during the period. Forsta AP Fonden grew its holdings in Kimco Realty by 232.9% during the first quarter. Forsta AP Fonden now owns 435,800 shares of the real estate investment trust’s stock worth $8,546,000 after purchasing an additional 304,900 shares during the period. BNP Paribas Financial Markets grew its holdings in Kimco Realty by 63.5% during the first quarter. BNP Paribas Financial Markets now owns 1,031,957 shares of the real estate investment trust’s stock worth $20,237,000 after purchasing an additional 400,825 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Kimco Realty by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust’s stock worth $73,195,000 after purchasing an additional 103,861 shares during the period. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KIM shares. Robert W. Baird raised their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Scotiabank raised their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Mizuho downgraded shares of Kimco Realty from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. The Goldman Sachs Group raised their price objective on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Evercore ISI raised their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Nine equities research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.55.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, COO David Jamieson sold 50,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total transaction of $1,096,000.00. Following the sale, the chief operating officer now owns 337,111 shares of the company’s stock, valued at approximately $7,389,473.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Kimco Realty Stock Up 0.6 %

Shares of KIM opened at $24.62 on Friday. Kimco Realty Corp has a one year low of $16.34 and a one year high of $24.67. The company has a market cap of $16.60 billion, a P/E ratio of 46.45, a P/E/G ratio of 3.95 and a beta of 1.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a 50 day simple moving average of $23.17 and a two-hundred day simple moving average of $20.72.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). Kimco Realty had a net margin of 19.28% and a return on equity of 3.59%. The firm had revenue of $500.20 million for the quarter, compared to analyst estimates of $500.87 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts forecast that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 3.90%. Kimco Realty’s dividend payout ratio is currently 181.13%.

About Kimco Realty

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.