Duff & Phelps Investment Management Co. Has $101.82 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Duff & Phelps Investment Management Co. lowered its position in Kimco Realty Corp (NYSE:KIM) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,384,928 shares of the real estate investment trust’s stock after selling 43,576 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Kimco Realty were worth $101,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 482 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Kimco Realty by 1.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 522 shares during the period. CWM LLC boosted its stake in shares of Kimco Realty by 4.7% during the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 595 shares during the period. Checchi Capital Advisers LLC increased its holdings in shares of Kimco Realty by 5.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 663 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Kimco Realty by 2.0% in the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after acquiring an additional 746 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM stock opened at $25.19 on Monday. The company’s 50-day moving average price is $24.33 and its two-hundred day moving average price is $22.23. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market cap of $16.98 billion, a P/E ratio of 45.80, a P/E/G ratio of 3.30 and a beta of 1.50.

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

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.25 per share. 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 3.97%. The ex-dividend date is Thursday, December 5th. Kimco Realty’s dividend payout ratio is currently 181.82%.

Analyst Ratings Changes

KIM has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Kimco Realty from $21.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Compass Point boosted their price objective on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Mizuho lowered Kimco Realty from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $23.00 in a research note on Monday, August 19th. Argus upgraded Kimco Realty to a “strong-buy” rating in a research note on Friday, September 6th. Finally, Evercore ISI increased their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

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.