Charles Schwab Investment Management Inc. Buys 405,685 Shares of Kimco Realty Corp (NYSE:KIM)

Charles Schwab Investment Management Inc. increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 4.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,480,254 shares of the real estate investment trust’s stock after acquiring an additional 405,685 shares during the period. Charles Schwab Investment Management Inc. owned 1.41% of Kimco Realty worth $220,131,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KIM. Catalyst Capital Advisors LLC acquired a new position in Kimco Realty in the 3rd quarter valued at $25,000. Blue Trust Inc. grew its position in shares of Kimco Realty by 613.5% in the second quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,816 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Kimco Realty by 52.6% in the first quarter. EverSource Wealth Advisors LLC now owns 2,243 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 773 shares during the period. Castleview Partners LLC acquired a new position in shares of Kimco Realty during the 3rd quarter worth about $77,000. Finally, UMB Bank n.a. boosted its stake in Kimco Realty by 112.6% during the 2nd quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 1,787 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 0.2 %

Shares of Kimco Realty stock opened at $25.37 on Friday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.46. The stock has a market capitalization of $17.10 billion, a P/E ratio of 46.13, a price-to-earnings-growth ratio of 3.32 and a beta of 1.50. The company has a 50-day simple moving average of $23.93 and a 200 day simple moving average of $21.75. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same quarter in the previous year, the company posted $0.40 EPS. Kimco Realty’s revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.94%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. Kimco Realty’s dividend payout ratio is presently 174.55%.

Analyst Ratings Changes

KIM has been the topic of several recent analyst reports. Scotiabank lifted their price target on Kimco Realty from $21.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Compass Point upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Argus raised shares of Kimco Realty to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Evercore ISI lifted their target price 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 analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.14.

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.