KLP Kapitalforvaltning AS Increases Stock Holdings in Kimco Realty Corporation (NYSE:KIM)

KLP Kapitalforvaltning AS boosted its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 628,100 shares of the real estate investment trust's stock after buying an additional 25,900 shares during the quarter. KLP Kapitalforvaltning AS owned 0.09% of Kimco Realty worth $13,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KIM. Raymond James Financial Inc. bought a new stake in shares of Kimco Realty during the fourth quarter worth $2,478,000. Avantax Advisory Services Inc. lifted its position in shares of Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after purchasing an additional 539 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Kimco Realty during the fourth quarter worth $362,000. Mizuho Securities USA LLC lifted its position in shares of Kimco Realty by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 63,888 shares of the real estate investment trust's stock worth $1,497,000 after purchasing an additional 20,175 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Kimco Realty by 430.8% during the fourth quarter. American Century Companies Inc. now owns 1,163,087 shares of the real estate investment trust's stock worth $27,251,000 after purchasing an additional 943,956 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays assumed coverage on Kimco Realty in a report on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 price objective for the company. Wall Street Zen downgraded Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Piper Sandler decreased their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Raymond James Financial decreased their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Finally, Scotiabank reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $24.70.

Kimco Realty Price Performance

NYSE KIM traded down $0.19 during mid-day trading on Friday, hitting $21.79. The stock had a trading volume of 4,191,053 shares, compared to its average volume of 3,810,711. The firm's 50 day moving average is $21.20 and its 200 day moving average is $21.25. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.60 and a beta of 1.24.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $520.68 million. During the same period last year, the company earned $0.39 EPS. The company's revenue for the quarter was up 965.3% on a year-over-year basis. Equities research analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's dividend payout ratio is presently 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.