Kimco Realty Corporation $KIM Holdings Decreased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Kimco Realty by 0.8%, now owning 10,160,463 shares valued at approximately $215.8 million.
• Analysts have mixed views on Kimco Realty, with target prices ranging from $23.00 to $26.00 and an average rating of "Moderate Buy."
• Kimco Realty recently announced a quarterly dividend of $0.25 per share, representing an annual yield of 4.7%.

Dimensional Fund Advisors LP decreased its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,160,463 shares of the real estate investment trust's stock after selling 83,380 shares during the quarter. Dimensional Fund Advisors LP owned 1.50% of Kimco Realty worth $215,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of KIM. Golden State Wealth Management LLC grew its holdings in shares of Kimco Realty by 177.6% during the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 911 shares in the last quarter. WASHINGTON TRUST Co purchased a new position in shares of Kimco Realty during the first quarter valued at $34,000. GKV Capital Management Co. Inc. purchased a new position in Kimco Realty in the first quarter valued at about $38,000. Olde Wealth Management LLC purchased a new position in Kimco Realty in the first quarter valued at about $41,000. Finally, Sentry Investment Management LLC purchased a new position in Kimco Realty in the first quarter valued at about $45,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Scotiabank lowered 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. Barclays assumed coverage on Kimco Realty in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 target price on the stock. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Finally, Raymond James Financial lowered their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus price target of $24.57.

Kimco Realty Stock Performance

KIM opened at $21.12 on Tuesday. The company has a market cap of $14.30 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The stock has a 50-day moving average of $21.29 and a 200-day moving average of $21.11. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.92 and a current ratio of 3.92.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%. The firm had revenue of $525.18 million during the quarter, compared to the consensus estimate of $524.75 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 5th. This represents a $1.00 annualized dividend and a yield of 4.7%. Kimco Realty's dividend payout ratio is presently 120.48%.

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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