GF Fund Management CO. LTD. Makes New $287,000 Investment in Kimco Realty Corp (NYSE:KIM)

GF Fund Management CO. LTD. purchased a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,250 shares of the real estate investment trust's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keybank National Association OH raised its holdings in shares of Kimco Realty by 4.0% in the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 496 shares in the last quarter. Global Assets Advisory LLC raised its holdings in shares of Kimco Realty by 5.4% in the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 528 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Kimco Realty by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after acquiring an additional 539 shares in the last quarter. Pitcairn Co. lifted its holdings in shares of Kimco Realty by 4.0% in the 4th quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after purchasing an additional 567 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Kimco Realty by 78.9% in 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 acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

KIM has been the topic of a number of research reports. Scotiabank lowered their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Piper Sandler decreased their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their target price 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. Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.68.

Kimco Realty Stock Down 0.2%

KIM traded down $0.04 during trading hours on Wednesday, reaching $20.98. 2,879,622 shares of the stock traded hands, compared to its average volume of 4,486,633. The firm's fifty day simple moving average is $20.59 and its two-hundred day simple moving average is $22.17. The company has a market cap of $14.19 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. 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 (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, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The company's revenue was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.77%. Kimco Realty's dividend payout ratio (DPR) 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.