Arkadios Wealth Advisors Makes New Investment in Kimco Realty Corporation (NYSE:KIM)

Key Points

• Arkadios Wealth Advisors has acquired 33,852 shares of Kimco Realty Corporation valued at approximately $719,000, indicating active interest in the real estate investment trust.
• Kimco Realty recently reported earnings of $0.44 per share, surpassing expectations, with a net margin of 28.54% and a revenue growth of 5% compared to the previous year.
• The company announced a quarterly dividend of $0.25, with a yield of 4.8%, while its dividend payout ratio currently stands at 120.48%.

Arkadios Wealth Advisors bought a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,852 shares of the real estate investment trust's stock, valued at approximately $719,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in Kimco Realty by 7.9% during the fourth quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after buying an additional 1,755,684 shares during the last quarter. Invesco Ltd. increased its holdings in Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after buying an additional 2,692,258 shares during the last quarter. Resolution Capital Ltd increased its holdings in Kimco Realty by 13.7% during the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock worth $388,442,000 after buying an additional 1,992,550 shares during the last quarter. Northern Trust Corp increased its holdings in Kimco Realty by 55.0% during the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after buying an additional 3,658,528 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Kimco Realty by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,243,843 shares of the real estate investment trust's stock worth $240,010,000 after buying an additional 134,634 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday. Piper Sandler reduced their target price on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday. Raymond James Financial reduced their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Finally, Barclays assumed coverage on shares of Kimco Realty in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 target price for the company. Ten equities 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. According to data from MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and an average target price of $24.57.

Kimco Realty Price Performance

Kimco Realty stock traded up $0.31 during mid-day trading on Monday, hitting $21.05. 4,626,591 shares of the company traded hands, compared to its average volume of 4,213,663. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.47 and a current ratio of 3.92. The stock has a fifty day moving average price of $21.26 and a 200-day moving average price of $21.22.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. During the same period in the previous year, the business posted $0.41 earnings per share. Kimco Realty's revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.8%. Kimco Realty's payout ratio is presently 120.48%.

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.