Kimco Realty Corp (NYSE:KIM) Stock Holdings Lifted by Toronto Dominion Bank

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

A number of other hedge funds have also made changes to their positions in KIM. Barclays PLC raised its stake in shares of Kimco Realty by 14.3% in the 3rd quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock worth $42,915,000 after buying an additional 231,606 shares in the last quarter. HB Wealth Management LLC acquired a new position in Kimco Realty during the fourth quarter worth about $215,000. Baker Ellis Asset Management LLC grew its holdings in Kimco Realty by 0.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 131,928 shares of the real estate investment trust's stock worth $3,091,000 after acquiring an additional 1,075 shares during the period. Exchange Traded Concepts LLC raised its position in Kimco Realty by 61.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,497 shares of the real estate investment trust's stock worth $1,324,000 after acquiring an additional 21,491 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Kimco Realty by 26.8% in the 4th quarter. Blue Trust Inc. now owns 8,013 shares of the real estate investment trust's stock valued at $186,000 after acquiring an additional 1,696 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Stock Down 0.7%

Shares of KIM traded down $0.13 during mid-day trading on Monday, reaching $20.48. The company's stock had a trading volume of 2,903,930 shares, compared to its average volume of 4,491,126. The business has a fifty day moving average of $20.60 and a 200 day moving average of $22.20. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a 1 year low of $17.93 and a 1 year high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

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

Kimco Realty Dividend Announcement

The firm also recently announced 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 is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.88%. Kimco Realty's dividend payout ratio is 129.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on KIM. Wells Fargo & Company lowered their price objective on shares of 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. Wall Street Zen cut shares of Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday. JPMorgan Chase & Co. decreased their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Piper Sandler dropped their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Scotiabank cut their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $24.68.

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.