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

Berkshire Bank purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,207 shares of the real estate investment trust's stock, valued at approximately $281,000.

Several other large investors have also recently bought and sold shares of KIM. Squarepoint Ops LLC raised its stake in shares of Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock worth $8,994,000 after purchasing an additional 111,496 shares in the last quarter. Woodline Partners LP acquired a new position in Kimco Realty during the fourth quarter worth $9,057,000. B&I Capital AG raised its position in Kimco Realty by 13.9% during the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after acquiring an additional 62,100 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kimco Realty in the fourth quarter valued at $287,000. Finally, Generali Asset Management SPA SGR bought a new position in shares of Kimco Realty in the 4th quarter valued at about $610,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KIM shares. Wells Fargo & Company lowered their price objective on shares of 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. Raymond James Financial lowered their price target on 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. Piper Sandler reduced their target price 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. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Price Performance

NYSE:KIM traded down $0.12 during trading hours on Friday, reaching $20.88. 10,711,447 shares of the company were exchanged, compared to its average volume of 4,500,603. The business has a 50 day moving average of $20.81 and a 200 day moving average of $21.69. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. The company has a market capitalization of $14.12 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.46 and a beta of 1.27.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share 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 firm had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. During the same period in the prior year, the company posted $0.39 EPS. The company's revenue was up 965.3% compared to the same quarter last year. Research analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.79%. Kimco Realty's dividend payout ratio is 129.87%.

About Kimco Realty

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.