ASR Vermogensbeheer N.V. Takes Position in Kimco Realty Corporation (NYSE:KIM)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Kimco Realty Corporation, purchasing 31,109 shares valued at approximately $661,000 during the first quarter.
• Kimco Realty recently declared a quarterly dividend of $0.25, which represents a 4.8% yield and has a payout ratio of 120.48%.
• Institutional investors own 89.25% of Kimco Realty's stock, indicating a strong backing by large investment firms.

ASR Vermogensbeheer N.V. bought a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,109 shares of the real estate investment trust's stock, valued at approximately $661,000.

Several other large investors have also added to or reduced their stakes in KIM. Golden State Wealth Management LLC raised its position in Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 911 shares in the last quarter. WASHINGTON TRUST Co bought a new stake in Kimco Realty during the first quarter worth $34,000. Olde Wealth Management LLC bought a new stake in Kimco Realty during the first quarter worth $41,000. Sentry Investment Management LLC bought a new stake in Kimco Realty during the first quarter worth $45,000. Finally, Menard Financial Group LLC bought a new stake in Kimco Realty during the fourth quarter worth $90,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KIM shares. Scotiabank dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Barclays began coverage on shares of Kimco Realty in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 price objective on the stock. Raymond James Financial decreased 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. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler decreased their price target on shares of Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Ten research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $24.57.

Kimco Realty Stock Performance

Shares of NYSE:KIM traded up $0.33 during midday trading on Tuesday, reaching $21.13. The company had a trading volume of 2,404,843 shares, compared to its average volume of 4,397,131. The company's 50 day moving average price is $21.26 and its 200 day moving average price is $21.16. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The stock has a market cap of $14.31 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.52 and a beta of 1.31. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%. The business had revenue of $525.18 million for the quarter, compared to analysts' expectations of $524.75 million. During the same period in the previous year, the business posted $0.41 EPS. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 5th. Kimco Realty's dividend payout ratio is 120.48%.

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.