Achmea Investment Management B.V. increased its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 41.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 259,342 shares of the real estate investment trust's stock after buying an additional 75,606 shares during the period. Achmea Investment Management B.V.'s holdings in Kimco Realty were worth $5,508,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty in the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC grew its stake in shares of Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after buying an additional 911 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake 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 valued at $31,000 after purchasing an additional 575 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Kimco Realty during the 4th quarter valued at $45,000. Finally, Sentry Investment Management LLC purchased a new stake in Kimco Realty during the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 89.25% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on KIM shares. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Raymond James Financial cut their target price on 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. Wells Fargo & Company cut their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Scotiabank cut 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, Piper Sandler cut their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Ten equities research 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $24.68.
Check Out Our Latest Stock Report on Kimco Realty
Kimco Realty Stock Performance
Kimco Realty stock traded down $0.09 during trading on Friday, reaching $20.94. The company had a trading volume of 5,608,906 shares, compared to its average volume of 4,488,721. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The firm's 50-day simple moving average is $20.89 and its 200 day simple moving average is $21.51. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The business 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 revenue for the quarter was up 965.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. Sell-side analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. Kimco Realty's payout ratio is 129.87%.
Kimco Realty Company Profile
(
Free Report)
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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