Edgestream Partners L.P. Sells 210,013 Shares of Kimco Realty Corporation (NYSE:KIM)

Edgestream Partners L.P. decreased its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 64.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,069 shares of the real estate investment trust's stock after selling 210,013 shares during the quarter. Edgestream Partners L.P.'s holdings in Kimco Realty were worth $2,465,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KIM. Summit Securities Group LLC acquired a new position in shares of Kimco Realty in the 4th quarter valued at $26,000. Golden State Wealth Management LLC increased its position in shares of Kimco Realty by 177.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 911 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 575 shares in the last quarter. WASHINGTON TRUST Co acquired a new stake in shares of Kimco Realty during the 1st quarter worth about $34,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Kimco Realty during the 1st quarter worth about $41,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James Financial dropped their target price on shares of 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. Piper Sandler dropped their target price on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company dropped their target price on shares of 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. Scotiabank dropped their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays assumed coverage on shares of Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price objective on the stock. One 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 company. According to MarketBeat.com, Kimco Realty presently has a consensus rating of "Hold" and an average price target of $24.70.

Kimco Realty Trading Up 0.0%

Shares of NYSE KIM traded up $0.01 during mid-day trading on Friday, hitting $21.67. The company's stock had a trading volume of 3,467,158 shares, compared to its average volume of 4,488,868. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company's fifty day simple moving average is $21.14 and its 200-day simple moving average is $21.29.

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

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

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.