Axa S.A. Raises Position in Kimco Realty Corp (NYSE:KIM)

AXA S.A. increased its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 886,340 shares of the real estate investment trust's stock after purchasing an additional 25,411 shares during the quarter. AXA S.A. owned about 0.13% of Kimco Realty worth $20,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Summit Securities Group LLC purchased a new position in Kimco Realty during the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Kimco Realty during the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. increased its holdings in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 575 shares during the period. Headlands Technologies LLC purchased a new stake in Kimco Realty in the 4th quarter worth approximately $45,000. Finally, Catalyst Capital Advisors LLC lifted its stake in Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,104 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KIM. Piper Sandler decreased their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Raymond James lowered their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Citigroup decreased their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.68.

Kimco Realty Trading Up 0.7 %

Shares of NYSE:KIM traded up $0.14 on Friday, reaching $20.82. 3,218,402 shares of the company traded hands, compared to its average volume of 4,443,740. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The business's 50-day simple moving average is $20.56 and its 200 day simple moving average is $22.42. The stock has a market capitalization of $14.15 billion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The business's quarterly revenue was up 965.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. As a group, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

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.