Kimco Realty Corp (NYSE:KIM) Shares Purchased by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. raised its stake in Kimco Realty Corp (NYSE:KIM) by 5.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,981 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Kimco Realty were worth $350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in Kimco Realty in the 1st quarter valued at about $200,043,000. Vanguard Group Inc. raised its holdings in shares of 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 valued at $2,162,347,000 after buying an additional 7,931,013 shares during the last quarter. Norges Bank acquired a new position in shares of Kimco Realty during the fourth quarter worth approximately $150,326,000. Centersquare Investment Management LLC grew its holdings in Kimco Realty by 76.8% in the 1st quarter. Centersquare Investment Management LLC now owns 14,467,600 shares of the real estate investment trust’s stock worth $269,531,000 after buying an additional 6,282,891 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Kimco Realty in the 4th quarter valued at approximately $84,678,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KIM. Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research report on Friday, August 16th. Evercore ISI upped their price objective on shares of Kimco Realty from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Mizuho cut shares of Kimco Realty from an “outperform” rating to a “neutral” rating and raised their target price for the company from $20.00 to $23.00 in a research note on Monday, August 19th. Robert W. Baird upped their price target on shares of Kimco Realty from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Scotiabank raised their price objective on shares of Kimco Realty from $21.00 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kimco Realty has a consensus rating of “Hold” and a consensus price target of $23.21.

Kimco Realty Stock Performance

Kimco Realty stock opened at $23.11 on Friday. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 43.60, a price-to-earnings-growth ratio of 3.96 and a beta of 1.51. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $23.53. The firm’s 50 day moving average price is $21.46 and its two-hundred day moving average price is $19.82. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.73 and a current ratio of 1.73.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). The company had revenue of $500.20 million during the quarter, compared to analyst estimates of $500.87 million. Kimco Realty had a return on equity of 3.59% and a net margin of 19.28%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, research analysts predict that Kimco Realty Corp will post 1.62 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.96 annualized dividend and a yield of 4.15%. Kimco Realty’s payout ratio is presently 181.13%.

Insider Buying and Selling at Kimco Realty

In other news, COO David Jamieson sold 50,000 shares of Kimco Realty stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $21.92, for a total value of $1,096,000.00. Following the transaction, the chief operating officer now directly owns 337,111 shares of the company’s stock, valued at $7,389,473.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

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.