Kimco Realty Corp (NYSE:KIM) Shares Acquired by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 46,292 shares of the real estate investment trust’s stock after purchasing an additional 2,796 shares during the period. Trivant Custom Portfolio Group LLC’s holdings in Kimco Realty were worth $1,085,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Kimco Realty during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter worth $31,000. Brooklyn Investment Group acquired a new stake in Kimco Realty in the third quarter valued at $37,000. Quarry LP purchased a new stake in Kimco Realty during the 3rd quarter worth about $51,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of 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 worth $77,000 after acquiring an additional 3,144 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 0.2 %

Shares of KIM opened at $22.35 on Friday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $15.06 billion, a P/E ratio of 40.63, a PEG ratio of 2.73 and a beta of 1.51. The firm’s 50-day moving average is $24.02 and its two-hundred day moving average is $23.10.

Kimco Realty (NYSE:KIM) last posted 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). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed 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 an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Thursday, December 5th. Kimco Realty’s payout ratio is currently 181.82%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Robert W. Baird boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Evercore ISI cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Friday, December 20th. Finally, Mizuho upped their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Eleven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.84.

About Kimco Realty

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.