Berkshire Bank Invests $281,000 in Kimco Realty Corp (NYSE:KIM)

Berkshire Bank purchased a new position in Kimco Realty Corp (NYSE:KIM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,207 shares of the real estate investment trust's stock, valued at approximately $281,000.

A number of other large investors have also recently made changes to their positions in KIM. Keybank National Association OH raised its position in shares of Kimco Realty by 4.0% during the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 496 shares during the last quarter. Global Assets Advisory LLC raised its position in shares of Kimco Realty by 5.4% during the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 528 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 539 shares during the last quarter. Pitcairn Co. raised its position in shares of Kimco Realty by 4.0% during the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 567 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Kimco Realty by 78.9% during 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 buying an additional 575 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Trading Up 0.5%

NYSE KIM opened at $20.92 on Tuesday. The company's 50-day moving average price is $20.71 and its 200-day moving average price is $21.77. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $14.16 billion, a PE ratio of 37.36, a PEG ratio of 2.78 and a beta of 1.27. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business's revenue for the quarter was up 965.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Friday, June 6th. Kimco Realty's payout ratio is presently 129.87%.

Analyst Upgrades and Downgrades

KIM has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. reduced their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Citigroup reduced their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Raymond James 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 report on Monday, May 5th. Finally, Wells Fargo & Company reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Ten 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. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of "Moderate Buy" and an average price target of $24.68.

Kimco Realty Company 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.

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