ING Groep NV Has $3.48 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

ING Groep NV lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 40.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,756 shares of the real estate investment trust’s stock after selling 102,747 shares during the quarter. ING Groep NV’s holdings in Kimco Realty were worth $3,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KIM. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Kimco Realty by 4.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,969 shares of the real estate investment trust’s stock worth $557,000 after acquiring an additional 1,008 shares during the period. Metis Global Partners LLC lifted its holdings in Kimco Realty by 21.3% during the 3rd quarter. Metis Global Partners LLC now owns 104,481 shares of the real estate investment trust’s stock valued at $2,426,000 after purchasing an additional 18,317 shares during the last quarter. KBC Group NV boosted its position in Kimco Realty by 408.7% during the third quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust’s stock worth $15,556,000 after purchasing an additional 538,232 shares during the period. MQS Management LLC acquired a new position in shares of Kimco Realty in the third quarter valued at $348,000. Finally, Victory Capital Management Inc. raised its position in shares of Kimco Realty by 48.8% in the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock valued at $19,422,000 after purchasing an additional 274,295 shares during the period. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

KIM has been the subject of several research analyst reports. Robert W. Baird lifted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. 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. JPMorgan Chase & Co. upped their target price on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Truist Financial lifted their price target on Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Finally, Compass Point boosted their price target on Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.14.

Kimco Realty Price Performance

KIM stock opened at $24.89 on Friday. The company’s 50-day moving average price is $23.77 and its two-hundred day moving average price is $21.53. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.19. 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 firm has a market cap of $16.78 billion, a P/E ratio of 45.25, a P/E/G ratio of 3.28 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last posted its quarterly 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 business 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%. Kimco Realty’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. On average, analysts anticipate that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.25 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

Kimco Realty Company 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.