22,084 Shares in Kimco Realty Corporation (NYSE:KIM) Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. bought a new position in Kimco Realty Corporation (NYSE:KIM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 22,084 shares of the real estate investment trust's stock, valued at approximately $469,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Keybank National Association OH increased its holdings in shares of Kimco Realty by 4.0% in the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock worth $305,000 after buying an additional 496 shares during the period. GF Fund Management CO. LTD. increased its stake in Kimco Realty by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 517 shares during the period. Global Assets Advisory LLC lifted its position in Kimco Realty by 5.4% in the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 528 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Kimco Realty by 0.9% in the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock valued at $1,239,000 after purchasing an additional 530 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after purchasing an additional 539 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 1.2%

KIM stock traded down $0.27 on Monday, reaching $21.36. 598,834 shares of the company traded hands, compared to its average volume of 4,973,232. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. The firm has a fifty day simple moving average of $21.00 and a 200-day simple moving average of $21.40. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a market cap of $14.45 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. Kimco Realty's quarterly revenue was up 965.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. Research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KIM shares. Barclays started coverage on shares of Kimco Realty in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price target for the company. Wells Fargo & Company dropped their target price 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. Citigroup reduced their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Scotiabank reduced their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $24.70.

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.