Kimco Realty Corporation $KIM Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 835.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 56,349 shares of the real estate investment trust’s stock after acquiring an additional 50,327 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Kimco Realty were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new position in shares of Kimco Realty during the 2nd quarter valued at about $27,000. AlphaQuest LLC acquired a new stake in Kimco Realty during the first quarter worth about $29,000. Keystone Global Partners LLC purchased a new position in Kimco Realty during the first quarter valued at approximately $30,000. GKV Capital Management Co. Inc. acquired a new position in Kimco Realty in the first quarter valued at approximately $38,000. Finally, ST Germain D J Co. Inc. lifted its holdings in Kimco Realty by 160.7% in the second quarter. ST Germain D J Co. Inc. now owns 1,955 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,205 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, September 8th. Wells Fargo & Company assumed coverage on shares of Kimco Realty in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $23.00 price target on the stock. Wall Street Zen downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Kimco Realty in a research note on Wednesday, October 8th. Finally, Scotiabank cut their price target on Kimco Realty from $23.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.27.

Kimco Realty Stock Performance

KIM opened at $20.40 on Friday. The firm’s fifty day simple moving average is $21.28 and its two-hundred day simple moving average is $21.38. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.56 and a beta of 1.28. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $535.86 million during the quarter, compared to analysts’ expectations of $522.31 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.750-1.760 EPS. Equities analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.26 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, December 5th. Kimco Realty’s dividend payout ratio is presently 125.30%.

Insider Activity at Kimco Realty

In related news, Director Mary Hogan Preusse sold 23,100 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the completion of the transaction, the director directly owned 40,260 shares of the company’s stock, valued at approximately $872,031.60. This represents a 36.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

About Kimco Realty

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.