Toronto Dominion Bank Has $8.45 Million Stock Position 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 the company in its most recent filing with the SEC. The fund owned 360,454 shares of the real estate investment trust's stock after buying an additional 26,363 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Kimco Realty worth $8,445,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Squarepoint Ops LLC boosted its holdings in shares of Kimco Realty by 40.9% during the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after acquiring an additional 111,496 shares during the period. Woodline Partners LP bought a new position in Kimco Realty in the 4th quarter worth about $9,057,000. Asset Management One Co. Ltd. increased its stake in shares of Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after purchasing an additional 12,705 shares during the period. B&I Capital AG raised its holdings in shares of Kimco Realty by 13.9% during 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 buying an additional 62,100 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Kimco Realty during the fourth quarter valued at approximately $610,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KIM has been the topic of several analyst reports. Piper Sandler lowered their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Mizuho decreased their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Citigroup decreased their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Wells Fargo & Company lowered their target price 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. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $24.68.

Kimco Realty Stock Down 0.5%

KIM stock traded down $0.12 during mid-day trading on Tuesday, hitting $21.06. The stock had a trading volume of 2,949,020 shares, compared to its average volume of 4,475,350. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a fifty day moving average of $20.60 and a 200 day moving average of $22.04. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 2.78 and a beta of 1.26.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.

Kimco Realty Company 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.