Bailard Inc. purchased a new position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 51,750 shares of the real estate investment trust's stock, valued at approximately $1,083,000.
Several other institutional investors have also modified their holdings of the stock. Squarepoint Ops LLC grew its position in 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 acquiring an additional 111,496 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Kimco Realty in the 1st quarter valued at about $209,000. Woodline Partners LP purchased a new position in shares of Kimco Realty in the 4th quarter valued at about $9,057,000. Concurrent Investment Advisors LLC boosted its stake in shares of Kimco Realty by 45.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust's stock valued at $861,000 after buying an additional 12,700 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Kimco Realty by 4.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock valued at $2,167,000 after buying an additional 4,051 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.
Kimco Realty Trading Up 0.0%
Shares of Kimco Realty stock traded up $0.01 during trading hours on Friday, reaching $21.67. The stock had a trading volume of 3,467,158 shares, compared to its average volume of 4,494,132. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 1.59 and a beta of 1.24. 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 Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The firm has a 50 day simple moving average of $21.15 and a two-hundred day simple moving average of $21.28.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The business's revenue for the quarter was up 965.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.
Kimco Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders 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 yield of 4.61%. Kimco Realty's payout ratio is presently 129.87%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Barclays initiated coverage on Kimco Realty in a research note on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 target price for the company. Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Piper Sandler cut their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company cut their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, Scotiabank cut their price target on 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $24.70.
Check Out Our Latest Analysis on KIM
Kimco Realty 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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