Atomi Monetary Group Inc. purchased a brand new place in shares of Kimco Realty Corp (NYSE:KIM – Free Report) within the third quarter, Holdings Channel.com stories. The fund purchased 14,118 shares of the actual property funding belief’s inventory, valued at roughly $328,000.
A number of different hedge funds and different institutional buyers have additionally lately modified their holdings of KIM. Blue Belief Inc. elevated its holdings in shares of Kimco Realty by 613.5% within the second quarter. Blue Belief Inc. now owns 2,112 shares of the actual property funding belief’s inventory valued at $41,000 after buying a further 1,816 shares over the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Kimco Realty by 52.6% through the 1st quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the actual property funding belief’s inventory value $42,000 after buying a further 773 shares through the interval. UMB Financial institution n.a. grew its holdings in shares of Kimco Realty by 112.6% within the second quarter. UMB Financial institution n.a. now owns 3,374 shares of the actual property funding belief’s inventory valued at $66,000 after buying a further 1,787 shares through the interval. Fidelis Capital Companions LLC acquired a brand new stake in Kimco Realty through the first quarter value about $70,000. Lastly, Benjamin F. Edwards & Firm Inc. raised its stake in Kimco Realty by 378.3% through the second quarter. Benjamin F. Edwards & Firm Inc. now owns 3,975 shares of the actual property funding belief’s inventory value $77,000 after buying a further 3,144 shares through the interval. 89.25% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
A variety of analysts have lately issued stories on the inventory. Truist Monetary raised their worth goal on shares of Kimco Realty from $22.00 to $24.00 and gave the inventory a “maintain” score in a report on Wednesday, August twenty eighth. Argus upgraded Kimco Realty to a “strong-buy” score in a report on Friday, September sixth. Mizuho lowered shares of Kimco Realty from an “outperform” score to a “impartial” score and boosted their worth goal for the corporate from $20.00 to $23.00 in a report on Monday, August nineteenth. Raymond James upgraded shares of Kimco Realty from a “market carry out” score to a “strong-buy” score and set a $25.00 worth goal for the corporate in a analysis report on Friday, August sixteenth. Lastly, Wells Fargo & Firm elevated their worth goal on shares of Kimco Realty from $21.00 to $24.00 and gave the inventory an “equal weight” score in a analysis report on Wednesday, August twenty eighth. 9 funding analysts have rated the inventory with a maintain score, 5 have given a purchase score and two have given a powerful purchase score to the inventory. Based mostly on knowledge from MarketBeat, the corporate has a mean score of “Reasonable Purchase” and a consensus goal worth of $23.55.
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Kimco Realty Value Efficiency
Shares of KIM opened at $23.18 on Friday. The agency has a market capitalization of $15.63 billion, a price-to-earnings ratio of 43.74, a PEG ratio of three.95 and a beta of 1.50. The agency’s fifty day easy transferring common is $22.92 and its 200-day easy transferring common is $20.54. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month excessive of $24.25. The corporate has a present ratio of 1.73, a fast ratio of 1.73 and a debt-to-equity ratio of 0.72.
Kimco Realty (NYSE:KIM – Get Free Report) final posted its quarterly earnings outcomes on Thursday, August 1st. The true property funding belief reported $0.17 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.40 by ($0.23). The enterprise had income of $500.20 million through the quarter, in comparison with analyst estimates of $500.87 million. Kimco Realty had a internet margin of 19.28% and a return on fairness of three.59%. The agency’s quarterly income was up 13.0% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the enterprise earned $0.39 earnings per share. Equities analysts forecast that Kimco Realty Corp will put up 1.62 EPS for the present fiscal yr.
Kimco Realty Broadcasts Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, September nineteenth. Buyers of report on Thursday, September fifth have been paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, September fifth. Kimco Realty’s payout ratio is 181.13%.
Insider Exercise at Kimco Realty
In different Kimco Realty information, COO David Jamieson offered 50,000 shares of the agency’s inventory in a transaction that occurred on Friday, August 2nd. The shares have been offered at a mean worth of $21.92, for a complete transaction of $1,096,000.00. Following the sale, the chief working officer now owns 337,111 shares of the corporate’s inventory, valued at roughly $7,389,473.12. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which may be accessed by this hyperlink. 2.20% of the inventory is presently owned by company insiders.
About Kimco Realty
Kimco Realty Corp. is an actual property funding belief (REIT) headquartered in New Hyde Park, N.Y., that’s one in every of North America’s largest publicly traded homeowners and operators of open-air purchasing facilities. As of December 31, 2018, the corporate owned pursuits in 437 U.S. purchasing facilities comprising 76 million sq. toes of leasable area primarily concentrated within the high main metropolitan markets.
See Additionally
Wish to see what different hedge funds are holding KIM? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM – Free Report).
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