Toronto Dominion Bank boosted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 47.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,716 shares of the real estate investment trust’s stock after purchasing an additional 128,090 shares during the period. Toronto Dominion Bank’s holdings in Kimco Realty were worth $7,356,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. State Treasurer State of Michigan grew its holdings in Kimco Realty by 0.7% during the 1st quarter. State Treasurer State of Michigan now owns 121,438 shares of the real estate investment trust’s stock worth $2,247,000 after acquiring an additional 800 shares in the last quarter. Cetera Investment Advisers grew its holdings in Kimco Realty by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 11,948 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 937 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in Kimco Realty by 15.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 22,362 shares of the real estate investment trust’s stock worth $414,000 after acquiring an additional 2,960 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Kimco Realty by 1.9% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 67,580 shares of the real estate investment trust’s stock worth $1,250,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Twin Capital Management Inc. grew its holdings in Kimco Realty by 1.3% during the 1st quarter. Twin Capital Management Inc. now owns 602,950 shares of the real estate investment trust’s stock worth $11,155,000 after acquiring an additional 7,520 shares in the last quarter. 87.13% of the stock is currently owned by institutional investors.
In other Kimco Realty news, Director Richard B. Saltzman sold 5,500 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $18.39, for a total transaction of $101,145.00. Following the sale, the director now directly owns 81,335 shares in the company, valued at approximately $1,495,750.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David Jamieson sold 16,435 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $18.33, for a total transaction of $301,253.55. Following the sale, the chief operating officer now owns 94,211 shares in the company, valued at $1,726,887.63. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
Several research analysts have weighed in on KIM shares. Evercore ISI lowered shares of Kimco Realty from an “in-line” rating to an “underperform” rating in a report on Monday, April 1st. They noted that the move was a valuation call. ValuEngine raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Zacks Investment Research raised shares of Kimco Realty from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.75.
KIM stock traded up $0.27 during mid-day trading on Tuesday, hitting $18.23. 74,344 shares of the company were exchanged, compared to its average volume of 3,718,307. The firm has a market cap of $7.67 billion, a P/E ratio of 12.57, a P/E/G ratio of 3.06 and a beta of 0.61. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.96 and a quick ratio of 1.96. Kimco Realty Corp has a twelve month low of $13.96 and a twelve month high of $18.64.
Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.12). The firm had revenue of $295.00 million for the quarter, compared to analyst estimates of $282.49 million. Kimco Realty had a net margin of 39.40% and a return on equity of 8.37%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, sell-side analysts expect that Kimco Realty Corp will post 1.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend is Monday, July 1st. Kimco Realty’s payout ratio is 77.24%.
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.
Featured Article: Cash Asset Ratio
Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM).
Receive News & Ratings for Kimco Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimco Realty and related companies with MarketBeat.com's FREE daily email newsletter.