Centaurus Financial Inc. Has $196,000 Stock Position in Kimco Realty Corp (NYSE:KIM)

Centaurus Financial Inc. lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 27.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,455 shares of the real estate investment trust’s stock after selling 3,190 shares during the quarter. Centaurus Financial Inc.’s holdings in Kimco Realty were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of KIM. APG Asset Management US Inc. increased its holdings in shares of Kimco Realty by 1.6% during the 2nd quarter. APG Asset Management US Inc. now owns 14,953,570 shares of the real estate investment trust’s stock worth $288,155,000 after acquiring an additional 240,000 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Kimco Realty by 11.7% during the second quarter. Canada Pension Plan Investment Board now owns 11,394,650 shares of the real estate investment trust’s stock worth $221,740,000 after purchasing an additional 1,193,600 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kimco Realty by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 10,129,551 shares of the real estate investment trust’s stock valued at $197,116,000 after purchasing an additional 94,811 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kimco Realty by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after purchasing an additional 405,685 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Kimco Realty by 43.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,943,646 shares of the real estate investment trust’s stock worth $154,583,000 after buying an additional 2,400,752 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

KIM has been the topic of several research analyst reports. Evercore ISI increased their price target 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 16th. Wells Fargo & Company lifted their price target on Kimco Realty from $21.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Truist Financial increased their price objective on Kimco Realty from $22.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group boosted their target price on shares of Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Scotiabank raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Kimco Realty Price Performance

Shares of KIM stock opened at $25.78 on Thursday. The business has a fifty day simple moving average of $24.04 and a 200 day simple moving average of $21.91. The company has a market cap of $17.38 billion, a P/E ratio of 46.87, a P/E/G ratio of 3.34 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.80.

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

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.25 per share. 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 annualized dividend and a dividend yield of 3.88%. Kimco Realty’s dividend payout ratio is 174.55%.

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.