Handelsbanken Fonder AB Increases Stock Position in Kimco Realty Corporation (NYSE:KIM)

Handelsbanken Fonder AB lifted its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,542 shares of the real estate investment trust's stock after buying an additional 32,300 shares during the period. Handelsbanken Fonder AB's holdings in Kimco Realty were worth $4,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KIM. Squarepoint Ops LLC boosted its holdings in shares of Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock worth $8,994,000 after purchasing an additional 111,496 shares during the period. Woodline Partners LP acquired a new position in shares of Kimco Realty in the fourth quarter valued at about $9,057,000. Asset Management One Co. Ltd. boosted its stake in shares of Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after buying an additional 12,705 shares during the last quarter. B&I Capital AG boosted its position in Kimco Realty by 13.9% during the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after purchasing an additional 62,100 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of Kimco Realty in the fourth quarter valued at approximately $287,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Shares of KIM traded down $0.16 during midday trading on Tuesday, reaching $20.76. The stock had a trading volume of 3,066,301 shares, compared to its average volume of 4,474,873. The firm has a market cap of $14.04 billion, a PE ratio of 26.96, a P/E/G ratio of 1.45 and a beta of 1.27. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75. The firm has a 50 day simple moving average of $20.76 and a 200-day simple moving average of $21.74. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The business's revenue was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.82%. Kimco Realty's dividend payout ratio is presently 129.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KIM. Mizuho decreased their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Citigroup decreased their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. dropped their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Scotiabank reduced their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.