Quantinno Capital Management LP Purchases 16,855 Shares of Kimco Realty Corp (NYSE:KIM)

Quantinno Capital Management LP lifted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 45.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,586 shares of the real estate investment trust's stock after buying an additional 16,855 shares during the quarter. Quantinno Capital Management LP's holdings in Kimco Realty were worth $1,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KIM. Mufg Securities Americas Inc. bought a new position in shares of Kimco Realty during the fourth quarter worth approximately $233,000. Man Group plc acquired a new stake in Kimco Realty during the fourth quarter worth approximately $582,000. Nissay Asset Management Corp Japan ADV raised its holdings in Kimco Realty by 2.2% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 178,325 shares of the real estate investment trust's stock valued at $4,167,000 after acquiring an additional 3,799 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Kimco Realty during the 4th quarter valued at $2,354,000. Finally, Millennium Management LLC lifted its position in shares of Kimco Realty by 33.9% during the 4th quarter. Millennium Management LLC now owns 989,701 shares of the real estate investment trust's stock valued at $23,189,000 after acquiring an additional 250,718 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 0.4%

NYSE:KIM traded down $0.08 on Wednesday, reaching $20.93. 364,873 shares of the stock traded hands, compared to its average volume of 4,470,263. The company's 50 day moving average is $20.59 and its 200-day moving average is $22.17. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm's revenue for the quarter was up 965.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. Equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. Kimco Realty's payout ratio is presently 129.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KIM shares. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. 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 research note on Monday, May 5th. Raymond James cut 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. Scotiabank lowered their target price 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. Finally, Wall Street Zen lowered shares of Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" 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.