Kimco Realty Corp (NYSE:KIM) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 36.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,110 shares of the real estate investment trust’s stock after selling 9,117 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Kimco Realty were worth $374,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its stake 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 buying an additional 522 shares in the last quarter. CWM LLC boosted its stake 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 buying an additional 595 shares in the last quarter. Cascade Investment Advisors Inc. boosted its stake in Kimco Realty by 1.1% during the second quarter. Cascade Investment Advisors Inc. now owns 57,045 shares of the real estate investment trust’s stock valued at $1,110,000 after buying an additional 640 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Kimco Realty by 5.0% during the second quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 663 shares in the last quarter. Finally, Truist Financial Corp boosted its stake 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 buying an additional 746 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KIM shares. The Goldman Sachs Group increased their price target on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. increased their price target on Kimco Realty from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Robert W. Baird increased their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Argus upgraded Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Scotiabank raised their price objective on Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.14.

Kimco Realty Stock Up 0.7 %

KIM opened at $24.89 on Monday. The business has a 50-day moving average of $23.77 and a 200-day moving average of $21.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.19. The company has a market capitalization of $16.78 billion, a PE ratio of 45.25, a price-to-earnings-growth ratio of 3.29 and a beta of 1.50.

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

Kimco Realty Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.02%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is 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.