Metis Global Partners LLC Buys 18,317 Shares of Kimco Realty Corp (NYSE:KIM)

Metis Global Partners LLC raised its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 21.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,481 shares of the real estate investment trust’s stock after purchasing an additional 18,317 shares during the period. Metis Global Partners LLC’s holdings in Kimco Realty were worth $2,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KIM. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty in the 3rd quarter worth approximately $25,000. Blue Trust Inc. grew its stake in shares of 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 buying an additional 1,816 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Kimco Realty by 52.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 773 shares during the last quarter. UMB Bank n.a. boosted its stake in Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 3,144 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

KIM has been the topic of several recent analyst reports. Truist Financial increased their target price on Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Mizuho downgraded Kimco Realty from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Robert W. Baird raised their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday. Piper Sandler reaffirmed an “overweight” rating and issued a $29.00 target price (up from $26.00) on shares of Kimco Realty in a report on Friday, August 2nd. Finally, Evercore ISI raised their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

Kimco Realty Trading Up 0.7 %

Shares of Kimco Realty stock opened at $24.89 on Friday. The firm has a market cap of $16.78 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 3.28 and a beta of 1.50. The business has a 50-day moving average price of $23.73 and a 200-day moving average price of $21.49. 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 twelve month low of $17.57 and a twelve month high of $25.19.

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 firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.40 EPS. Equities research analysts anticipate that Kimco Realty Corp will post 1.64 EPS 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. Investors of record on Thursday, December 5th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.00 annualized dividend 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 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.