Captrust Financial Advisors Has $340,000 Stock Position in Kimco Realty Corp (NYSE:KIM)

Captrust Financial Advisors raised its stake in Kimco Realty Corp (NYSE:KIM) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,657 shares of the real estate investment trust’s stock after purchasing an additional 482 shares during the quarter. Captrust Financial Advisors’ holdings in Kimco Realty were worth $340,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its position in Kimco Realty by 10.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 119,144 shares of the real estate investment trust’s stock worth $2,319,000 after acquiring an additional 11,577 shares in the last quarter. Blue Trust Inc. grew its holdings in Kimco Realty by 613.5% during the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,816 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Kimco Realty by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,761,309 shares of the real estate investment trust’s stock worth $73,195,000 after buying an additional 103,861 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Kimco Realty by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 447,010 shares of the real estate investment trust’s stock valued at $8,699,000 after buying an additional 1,474 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Kimco Realty by 10.9% in the second quarter. First Citizens Bank & Trust Co. now owns 114,448 shares of the real estate investment trust’s stock valued at $2,227,000 after buying an additional 11,211 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Trading Up 0.5 %

KIM opened at $24.61 on Friday. 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 $25.83. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 3.20 and a beta of 1.50. The company has a 50-day simple moving average of $24.47 and a 200 day simple moving average of $22.35.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The firm 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 a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.06%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Argus raised shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Evercore ISI lifted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Raymond James raised shares of Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Friday, August 16th. Finally, Compass Point boosted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

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.