Worldquant Millennium Advisors LLC Sells 1,691 Shares of Kimco Realty Corp (NYSE:KIM)

Worldquant Millennium Advisors LLC lowered its position in Kimco Realty Corp (NYSE:KIM) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,378 shares of the real estate investment trust’s stock after selling 1,691 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Kimco Realty were worth $3,283,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KIM. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty in the 3rd quarter valued at $25,000. Brooklyn Investment Group acquired a new position in Kimco Realty in the 3rd quarter worth $37,000. Blue Trust Inc. boosted its stake in Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares during the period. Quarry LP acquired a new position in Kimco Realty in the 3rd quarter worth $51,000. Finally, UMB Bank n.a. boosted its stake in Kimco Realty by 112.6% in 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 period. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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 research note on Friday, August 16th. Compass Point upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Mizuho lowered shares of Kimco Realty from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Wells Fargo & Company increased their price objective on shares of Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Finally, 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 research note on Wednesday, August 28th. Nine 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 currently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Kimco Realty Trading Up 0.4 %

Shares of NYSE:KIM opened at $25.19 on Friday. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a market capitalization of $16.98 billion, a P/E ratio of 45.80, a price-to-earnings-growth ratio of 3.31 and a beta of 1.50. The company has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $22.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.40 earnings per share. Sell-side analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, December 5th. Kimco Realty’s dividend payout ratio is currently 174.55%.

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.