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B&I Capital AG Increases Stock Holdings in Kimco Realty Corporation (NYSE:KIM)

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B&I Capital AG raised its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,130 shares of the real estate investment trust's stock after acquiring an additional 23,300 shares during the period. Kimco Realty makes up 3.7% of B&I Capital AG's holdings, making the stock its 7th largest position. B&I Capital AG owned approximately 0.08% of Kimco Realty worth $11,324,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new position in shares of Kimco Realty in the 4th quarter worth $26,000. Golden State Wealth Management LLC grew its holdings in shares of 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 valued at $30,000 after buying an additional 911 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings 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 in the last quarter. WASHINGTON TRUST Co purchased a new position in shares of Kimco Realty during the first quarter valued at $34,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Kimco Realty during the first quarter valued at $41,000. Institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

KIM has been the subject of a number of research reports. Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Raymond James Financial reduced their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Monday, May 5th. Scotiabank dropped their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Piper Sandler dropped their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $24.70.

View Our Latest Analysis on KIM

Kimco Realty Price Performance

Shares of KIM stock traded up $0.28 during trading hours on Tuesday, hitting $21.90. The company had a trading volume of 411,353 shares, compared to its average volume of 4,473,000. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.59 and a beta of 1.24. The firm's fifty day moving average is $21.15 and its 200 day moving average is $21.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.47 and a current ratio of 3.47.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. Kimco Realty's revenue was up 965.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, sell-side analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio is currently 129.87%.

Kimco Realty Company 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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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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