98,966 Shares in Kimco Realty Corp (NYSE:KIM) Bought by Focus Partners Wealth

Focus Partners Wealth bought a new position in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 98,966 shares of the real estate investment trust's stock, valued at approximately $2,348,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in shares of Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after purchasing an additional 12,705 shares during the period. B&I Capital AG boosted its stake in Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after purchasing an additional 62,100 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Kimco Realty during the 4th quarter valued at about $610,000. Proficio Capital Partners LLC acquired a new stake in shares of Kimco Realty during the 4th quarter valued at $1,045,000. Finally, National Pension Service boosted its position in shares of Kimco Realty by 4,342.8% in the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock valued at $25,264,000 after purchasing an additional 1,053,992 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KIM. Piper Sandler dropped their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Raymond James decreased their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Mizuho lowered their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Scotiabank cut their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Trading Up 1.2%

KIM stock opened at $21.36 on Friday. Kimco Realty Corp has a twelve month low of $17.93 and a twelve month high of $25.83. The business has a fifty day moving average of $20.55 and a 200-day moving average of $22.36. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The company has a market cap of $14.45 billion, a P/E ratio of 38.14, a PEG ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business's revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. As a group, equities research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is currently 129.87%.

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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