Toronto Dominion Bank Boosts Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Toronto Dominion Bank lifted its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 360,454 shares of the real estate investment trust's stock after buying an additional 26,363 shares during the period. Toronto Dominion Bank owned approximately 0.05% of Kimco Realty worth $8,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in shares of Kimco Realty by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after buying an additional 12,705 shares during the last quarter. B&I Capital AG lifted its stake in Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after purchasing an additional 62,100 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Kimco Realty in the fourth quarter valued at approximately $610,000. Proficio Capital Partners LLC purchased a new position in Kimco Realty in the fourth quarter valued at approximately $1,045,000. Finally, Tudor Investment Corp ET AL purchased a new position in Kimco Realty in the fourth quarter valued at approximately $546,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Mizuho dropped their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. 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. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup dropped their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Kimco Realty currently has an average rating of "Hold" and an average target price of $24.68.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.13 during trading on Friday, hitting $20.48. The stock had a trading volume of 2,903,930 shares, compared to its average volume of 4,482,209. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month high of $25.83. The business's 50-day moving average is $20.60 and its 200 day moving average is $22.24. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business's quarterly revenue was up 965.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, sell-side analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.88%. Kimco Realty's payout ratio is currently 129.87%.

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.