Nomura Asset Management Co. Ltd. Grows Position in Kimco Realty Corp (NYSE:KIM)

Nomura Asset Management Co. Ltd. raised its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 3.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,042,671 shares of the real estate investment trust’s stock after purchasing an additional 32,222 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Kimco Realty were worth $24,211,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. CWM LLC increased its holdings in Kimco Realty by 13.1% during the second quarter. CWM LLC now owns 12,728 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 1,473 shares during the period. Czech National Bank increased its holdings in shares of Kimco Realty by 8.5% in the 2nd quarter. Czech National Bank now owns 127,174 shares of the real estate investment trust’s stock valued at $2,475,000 after acquiring an additional 9,965 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Kimco Realty by 10.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 119,144 shares of the real estate investment trust’s stock worth $2,319,000 after acquiring an additional 11,577 shares in the last quarter. Vanderbilt University lifted its stake in shares of Kimco Realty by 22.2% during the 2nd quarter. Vanderbilt University now owns 73,706 shares of the real estate investment trust’s stock worth $1,434,000 after purchasing an additional 13,409 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its position in Kimco Realty by 1.0% during the second quarter. Murphy Pohlad Asset Management LLC now owns 188,207 shares of the real estate investment trust’s stock valued at $3,663,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Company increased their target price on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Mizuho lifted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday. Raymond James upgraded Kimco Realty from a “market perform” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Friday, August 16th. Finally, UBS Group boosted their target price on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.70.

Kimco Realty Stock Down 1.2 %

KIM stock opened at $24.75 on Wednesday. The company has a market capitalization of $16.68 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.50. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The firm’s fifty day simple moving average is $24.40 and its 200-day simple moving average is $22.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The business had revenue of $507.63 million during the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Kimco Realty’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. As a group, equities research analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.04%. Kimco Realty’s payout ratio is presently 181.82%.

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.