Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Kimco Realty Corp (NYSE:KIM)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 489,692 shares of the real estate investment trust's stock, valued at approximately $11,473,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Kimco Realty at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KIM. Squarepoint Ops LLC raised its holdings in shares of Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after purchasing an additional 111,496 shares during the period. Woodline Partners LP bought a new stake in Kimco Realty in the fourth quarter valued at approximately $9,057,000. Asset Management One Co. Ltd. raised its stake in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after buying an additional 12,705 shares during the period. B&I Capital AG lifted its position in shares of Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after buying an additional 62,100 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Kimco Realty during the 4th quarter worth approximately $610,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

KIM has been the topic of several research analyst reports. Piper Sandler dropped their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citigroup cut their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Wells Fargo & Company reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Scotiabank lowered 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. Finally, Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $24.68.

Kimco Realty Stock Down 0.3%

Kimco Realty stock traded down $0.06 during midday trading on Wednesday, reaching $20.99. The stock had a trading volume of 3,677,846 shares, compared to its average volume of 4,471,543. The company has a fifty day moving average price of $20.60 and a two-hundred day moving average price of $22.03. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month 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 company has a market capitalization of $14.20 billion, a P/E ratio of 37.48, a PEG ratio of 2.78 and a beta of 1.26.

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

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. 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.