National Bank of Canada FI Has $10.88 Million Stake in Kimco Realty Corporation (NYSE:KIM)

National Bank of Canada FI grew its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 56.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,262 shares of the real estate investment trust's stock after purchasing an additional 184,616 shares during the period. National Bank of Canada FI owned approximately 0.08% of Kimco Realty worth $10,880,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Resolution Capital Ltd lifted its holdings in shares of Kimco Realty by 13.7% in the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock valued at $388,442,000 after purchasing an additional 1,992,550 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Kimco Realty by 55.0% in the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock valued at $241,446,000 after purchasing an additional 3,658,528 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kimco Realty by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,243,843 shares of the real estate investment trust's stock valued at $240,010,000 after purchasing an additional 134,634 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimco Realty by 1.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,718,796 shares of the real estate investment trust's stock valued at $206,427,000 after purchasing an additional 137,249 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in shares of Kimco Realty by 8.9% in the first quarter. Centersquare Investment Management LLC now owns 9,000,485 shares of the real estate investment trust's stock valued at $191,170,000 after purchasing an additional 733,514 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Price Performance

NYSE:KIM traded up $0.04 during trading hours on Friday, reaching $21.20. 3,209,031 shares of the company were exchanged, compared to its average volume of 4,309,264. The company has a market capitalization of $14.36 billion, a P/E ratio of 25.54, a P/E/G ratio of 1.55 and a beta of 1.31. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.92. The business has a 50 day moving average of $21.29 and a 200 day moving average of $21.13.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $525.18 million for the quarter, compared to the consensus estimate of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. Research analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty's dividend payout ratio (DPR) is currently 120.48%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays assumed coverage on Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 target price on the stock. Piper Sandler dropped their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Raymond James Financial dropped their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Scotiabank dropped their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus target price of $24.57.

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.