46,013 Shares in Kimco Realty Corporation $KIM Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC bought a new stake in Kimco Realty Corporation (NYSE:KIM) during the third quarter, according to its most recent filing with the SEC. The firm bought 46,013 shares of the real estate investment trust’s stock, valued at approximately $1,005,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KIM. Trust Co. of Toledo NA OH acquired a new stake in shares of Kimco Realty in the second quarter valued at about $27,000. Quent Capital LLC acquired a new stake in Kimco Realty in the 3rd quarter worth $27,000. City Holding Co. bought a new position in Kimco Realty during the third quarter valued at about $30,000. CYBER HORNET ETFs LLC bought a new stake in shares of Kimco Realty during the second quarter valued at approximately $37,000. Finally, Lavaca Capital LLC boosted its stake in Kimco Realty by 869.5% during the second quarter. Lavaca Capital LLC now owns 1,939 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,739 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of several recent analyst reports. Citigroup reduced their target price on shares of Kimco Realty from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 3rd. Wells Fargo & Company reduced their price objective on Kimco Realty from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. Wall Street Zen lowered Kimco Realty from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Truist Financial lowered their price objective on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Finally, Morgan Stanley set a $23.50 price objective on Kimco Realty in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.89.

Kimco Realty Price Performance

Shares of KIM stock opened at $20.69 on Friday. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $23.03. The firm has a fifty day moving average of $20.45 and a 200-day moving average of $21.16. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.77.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The business had revenue of $535.86 million during the quarter, compared to analyst estimates of $522.31 million. During the same period in the previous year, the firm earned $0.43 EPS. Kimco Realty’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.