Kimco Realty Corporation (NYSE:KIM) insider Milton Cooper acquired 50,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $19.20 per share, for a total transaction of $960,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Kimco Realty Corporation (NYSE KIM) traded down $0.61 during mid-day trading on Tuesday, reaching $18.48. The company’s stock had a trading volume of 4,565,286 shares, compared to its average volume of 4,425,415. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.08 and a current ratio of 0.08. Kimco Realty Corporation has a 12 month low of $17.02 and a 12 month high of $26.63. The firm has a market capitalization of $7,874.59, a P/E ratio of 12.25, a P/E/G ratio of 2.15 and a beta of 0.65.

Kimco Realty (NYSE:KIM) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.13). Kimco Realty had a net margin of 35.51% and a return on equity of 7.73%. The company had revenue of $290.92 million during the quarter, compared to analyst estimates of $295.34 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. analysts anticipate that Kimco Realty Corporation will post 1.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Friday, December 29th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.27. Kimco Realty’s payout ratio is 125.58%.

Several research analysts have commented on the company. BidaskClub lowered Kimco Realty from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Boenning Scattergood reissued a “hold” rating on shares of Kimco Realty in a research report on Friday, August 18th. Argus lowered Kimco Realty from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of Kimco Realty in a research report on Friday, November 10th. Finally, Stifel Nicolaus assumed coverage on Kimco Realty in a research report on Thursday, November 30th. They set a “hold” rating and a $19.50 target price on the stock. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.02.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Kimco Realty during the third quarter worth approximately $105,000. Pacer Advisors Inc. increased its holdings in shares of Kimco Realty by 8.4% in the second quarter. Pacer Advisors Inc. now owns 10,219 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 790 shares in the last quarter. Eqis Capital Management Inc. bought a new position in shares of Kimco Realty in the third quarter valued at $201,000. Stoneridge Investment Partners LLC bought a new position in shares of Kimco Realty in the third quarter valued at $203,000. Finally, Carnegie Capital Asset Management LLC bought a new position in shares of Kimco Realty in the second quarter valued at $204,000. 92.22% of the stock is currently owned by institutional investors.

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About Kimco Realty

Kimco Realty Corporation is a self-administered real estate investment trust. The Company is engaged in the ownership, management, development and operation of open-air shopping centers, which are anchored generally by discount department stores, grocery stores or drugstores. As of June 30, 2017, the Company had interests in 510 shopping center properties, including 84 million square feet of gross leasable area (GLA), located in 32 states, Puerto Rico and Canada.

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