Teachers Retirement System of The State of Kentucky Increases Position in Kimco Realty Corp (NYSE:KIM)

Teachers Retirement System of The State of Kentucky lifted its holdings in Kimco Realty Corp (NYSE:KIM) by 78.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,095 shares of the real estate investment trust’s stock after purchasing an additional 26,345 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kimco Realty were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. MUFG Americas Holdings Corp increased its stake in shares of Kimco Realty by 43.2% in the 3rd quarter. MUFG Americas Holdings Corp now owns 1,432 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 432 shares in the last quarter. US Asset Management LLC acquired a new stake in Kimco Realty in the 3rd quarter worth about $31,000. Allworth Financial LP boosted its holdings in Kimco Realty by 53.4% in the 3rd quarter. Allworth Financial LP now owns 1,566 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 545 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Kimco Realty in the 3rd quarter worth about $34,000. Finally, Crescent Capital Consulting LLC acquired a new stake in Kimco Realty in the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.

In other Kimco Realty news, Director Frank Lourenso sold 5,500 shares of the company’s stock in a transaction on Tuesday, December 21st. The shares were sold at an average price of $23.39, for a total value of $128,645.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Paul Westbrook sold 4,000 shares of the company’s stock in a transaction on Friday, November 19th. The shares were sold at an average price of $23.81, for a total transaction of $95,240.00. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

KIM has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on Kimco Realty from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Wednesday, December 1st. Jefferies Financial Group upgraded Kimco Realty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $29.00 in a report on Monday, January 10th. Wolfe Research assumed coverage on Kimco Realty in a report on Thursday, September 23rd. They set a “market perform” rating and a $24.00 target price on the stock. Truist boosted their target price on Kimco Realty from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, December 10th. Finally, Citigroup upped their price objective on Kimco Realty from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 2nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $25.81.

Kimco Realty stock opened at $25.01 on Friday. Kimco Realty Corp has a twelve month low of $15.91 and a twelve month high of $25.62. The stock’s fifty day simple moving average is $23.78 and its 200-day simple moving average is $22.44. The firm has a market capitalization of $15.42 billion, a P/E ratio of 13.09, a P/E/G ratio of 2.00 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last issued its earnings results on Friday, November 5th. The real estate investment trust reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.61. The firm had revenue of $368.00 million during the quarter, compared to the consensus estimate of $281.88 million. Kimco Realty had a net margin of 79.68% and a return on equity of 14.10%. The company’s revenue was up 43.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts expect that Kimco Realty Corp will post 1.36 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 23rd. Investors of record on Thursday, December 9th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. Kimco Realty’s payout ratio is currently 35.60%.

Kimco Realty 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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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