KBC Group NV Has $13.37 Million Stock Position in Kimco Realty Corporation (NYSE:KIM)

KBC Group NV increased its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 629,706 shares of the real estate investment trust's stock after buying an additional 13,538 shares during the quarter. KBC Group NV owned about 0.09% of Kimco Realty worth $13,374,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. grew its stake in Kimco Realty by 7.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,660,537 shares of the real estate investment trust's stock worth $77,750,000 after buying an additional 264,415 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Kimco Realty by 4.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock worth $2,167,000 after buying an additional 4,051 shares during the last quarter. Achmea Investment Management B.V. grew its stake in Kimco Realty by 41.1% during the 1st quarter. Achmea Investment Management B.V. now owns 259,342 shares of the real estate investment trust's stock worth $5,508,000 after buying an additional 75,606 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Kimco Realty by 13.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 888,484 shares of the real estate investment trust's stock worth $18,871,000 after buying an additional 106,952 shares during the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in shares of Kimco Realty in the first quarter worth $210,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Price Performance

KIM stock traded up $0.18 during trading hours on Friday, hitting $21.62. 3,389,277 shares of the stock traded hands, compared to its average volume of 4,516,736. The stock has a 50-day simple moving average of $21.00 and a 200 day simple moving average of $21.42. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a market cap of $14.63 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results 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 business 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 posted $0.39 EPS. Kimco Realty's revenue for the quarter was up 965.3% on a year-over-year basis. Equities analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.25 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.63%. Kimco Realty's dividend payout ratio (DPR) is 129.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KIM shares. Citigroup decreased their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Raymond James Financial decreased their price target 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. Scotiabank decreased their price target on 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. Barclays started coverage on Kimco Realty in a research note on Wednesday. They issued an "overweight" rating and a $25.00 price target for the company. Finally, Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $24.70.

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.