Allianz Asset Management GmbH Increases Holdings in Kimco Realty Corporation (NYSE:KIM)

Allianz Asset Management GmbH lifted its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 19.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,177,629 shares of the real estate investment trust's stock after acquiring an additional 187,654 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.17% of Kimco Realty worth $25,013,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KIM. GF Fund Management CO. LTD. lifted its holdings 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 in the last quarter. Global Assets Advisory LLC lifted its holdings in Kimco Realty by 5.4% in the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 528 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Kimco Realty by 0.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after purchasing an additional 530 shares in the last quarter. Pitcairn Co. lifted its holdings in Kimco Realty by 4.0% in the 4th quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 567 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 575 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 0.3%

Shares of NYSE KIM traded down $0.07 during mid-day trading on Monday, reaching $21.72. 366,860 shares of the company were exchanged, compared to its average volume of 4,836,789. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 1.60 and a beta of 1.24. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The firm has a 50-day moving average of $21.20 and a 200 day moving average of $21.24.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The firm's quarterly revenue was up 965.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. On average, research analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is currently 129.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KIM shares. Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Piper Sandler lowered their price target on 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 Financial decreased their price objective 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. Barclays began coverage on Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price objective on the stock. Finally, Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $24.70.

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.