Grace & White Inc. NY Raises Holdings in Kimco Realty Corporation (NYSE:KIM)

Grace & White Inc. NY boosted its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,162 shares of the real estate investment trust's stock after acquiring an additional 25,075 shares during the quarter. Kimco Realty accounts for about 1.4% of Grace & White Inc. NY's investment portfolio, making the stock its 20th largest holding. Grace & White Inc. NY owned approximately 0.05% of Kimco Realty worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC lifted its holdings in Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after buying an additional 1,755,684 shares during the period. Geode Capital Management LLC lifted its holdings in Kimco Realty by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after buying an additional 377,074 shares during the period. Invesco Ltd. lifted its holdings in Kimco Realty by 18.3% in the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after buying an additional 2,692,258 shares during the period. Resolution Capital Ltd lifted its holdings in Kimco Realty by 13.7% in the 4th quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock worth $388,442,000 after buying an additional 1,992,550 shares during the period. Finally, Norges Bank purchased a new stake in Kimco Realty in the 4th quarter worth approximately $363,436,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KIM. Citigroup dropped their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Mizuho dropped their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Piper Sandler lowered 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. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Raymond James Financial lowered their target price on 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. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Stock Down 0.6%

KIM stock opened at $20.88 on Monday. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. The firm has a market cap of $14.12 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. The business has a 50 day moving average of $20.83 and a 200 day moving average of $21.61.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same quarter last year, the company earned $0.39 EPS. The firm's revenue for the quarter was up 965.3% on a year-over-year basis. On average, research analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

Kimco Realty Company 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.

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