Baker Ellis Asset Management LLC Increases Stake in Kimco Realty Corp (NYSE:KIM)

Baker Ellis Asset Management LLC grew its holdings in Kimco Realty Corp (NYSE:KIM) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,928 shares of the real estate investment trust’s stock after buying an additional 1,075 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Kimco Realty were worth $3,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty in the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty in the third quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty during the third quarter worth approximately $37,000. Quarry LP purchased a new stake in shares of Kimco Realty during the third quarter worth approximately $51,000. Finally, Castleview Partners LLC purchased a new stake in shares of Kimco Realty during the third quarter worth approximately $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $22.25 on Thursday. The business has a 50-day moving average of $23.92 and a 200 day moving average of $23.20. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 40.45, a price-to-earnings-growth ratio of 2.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59.

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 analysts’ consensus estimates of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to analysts’ expectations of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. As a group, sell-side analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.25 dividend. The ex-dividend date was Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.50%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

Analyst Ratings Changes

Several analysts recently commented on KIM shares. Evercore ISI dropped their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. UBS Group boosted their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Mizuho boosted their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Eleven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $24.84.

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.