Great Lakes Retirement Inc. Takes Position in Kimco Realty Corporation (NYSE:KIM)

Great Lakes Retirement Inc. purchased a new position in Kimco Realty Corporation (NYSE:KIM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,907 shares of the real estate investment trust's stock, valued at approximately $1,251,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KIM. Summit Securities Group LLC bought a new position in Kimco Realty in the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. increased its stake in Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 575 shares during the last quarter. Headlands Technologies LLC acquired a new position in Kimco Realty during the fourth quarter valued at approximately $45,000. Sentry Investment Management LLC bought a new stake in Kimco Realty during the first quarter worth $45,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of 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 valued at $51,000 after purchasing an additional 1,104 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KIM. Citigroup dropped their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Raymond James Financial reduced their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note 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 for the company in a research report on Tuesday, February 25th. Finally, Scotiabank dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Ten 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Trading Down 0.6%

Shares of KIM traded down $0.12 during trading hours on Friday, hitting $20.88. 10,338,606 shares of the stock were exchanged, compared to its average volume of 4,500,602. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The business has a 50-day moving average of $20.81 and a 200-day moving average of $21.69. The firm has a market capitalization of $14.12 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47.

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

Kimco Realty Dividend Announcement

The firm 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

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.