Fairtree Asset Management Pty Ltd Makes New $786,000 Investment in Kimco Realty Corp (NYSE:KIM)

Fairtree Asset Management Pty Ltd bought a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 33,557 shares of the real estate investment trust's stock, valued at approximately $786,000.

Several other large investors also recently bought and sold shares of KIM. 111 Capital acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $287,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $5,061,000. Phocas Financial Corp. acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $211,000. Siemens Fonds Invest GmbH acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $131,000. Finally, Menard Financial Group LLC acquired a new stake in Kimco Realty during the 4th quarter valued at approximately $90,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Down 0.5%

Shares of KIM traded down $0.10 during mid-day trading on Friday, reaching $21.25. The stock had a trading volume of 6,604,778 shares, compared to its average volume of 4,488,279. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The business's fifty day moving average is $20.60 and its 200 day moving average is $22.13. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 37.95, a P/E/G ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last announced 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 net margin of 20.17% and a return on equity of 3.82%. The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Kimco Realty's quarterly revenue was up 965.3% on a year-over-year basis. On average, sell-side analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Raymond James decreased their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Scotiabank decreased 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 note on Wednesday, April 23rd. Mizuho cut their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $24.68.

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.