Baker Ellis Asset Management LLC Increases Stake in Kimco Realty Corp (NYSE:KIM)

Baker Ellis Asset Management LLC increased its position in shares of Kimco Realty Corp (NYSE:KIMFree Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,928 shares of the real estate investment trust’s stock after buying an additional 1,075 shares during the period. Baker Ellis Asset Management LLC’s holdings in Kimco Realty were worth $3,091,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in shares of Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 482 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Kimco Realty by 1.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after purchasing an additional 522 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 565 shares in the last quarter. CWM LLC boosted its position in Kimco Realty by 4.7% during the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 595 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after purchasing an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 1.1 %

Kimco Realty stock opened at $22.25 on Thursday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. 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 $14.99 billion, a price-to-earnings ratio of 40.45, a price-to-earnings-growth ratio of 2.91 and a beta of 1.51. The stock has a 50-day moving average price of $23.92 and a 200 day moving average price of $23.20.

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

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.25 per share. 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 4.50%. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KIM shares. Evercore ISI dropped their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. downgraded Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Friday, December 20th. Mizuho raised their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, UBS Group raised their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty has a consensus rating of “Hold” and a consensus price target of $24.84.

View Our Latest Report on KIM

Kimco Realty Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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