Asset Management One Co. Ltd. Raises Position in Kimco Realty Corporation (NYSE:KIM)

Asset Management One Co. Ltd. increased its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,251,420 shares of the real estate investment trust's stock after buying an additional 16,171 shares during the period. Asset Management One Co. Ltd. owned about 0.18% of Kimco Realty worth $26,580,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its position in Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock worth $8,994,000 after buying an additional 111,496 shares during the period. Woodline Partners LP acquired a new stake in Kimco Realty during the 4th quarter worth approximately $9,057,000. B&I Capital AG boosted its position in Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after buying an additional 62,100 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Kimco Realty during the 4th quarter worth approximately $287,000. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Kimco Realty in the 4th quarter worth approximately $610,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Down 0.4%

KIM traded down $0.09 during trading on Friday, hitting $20.94. 5,608,906 shares of the company's stock were exchanged, compared to its average volume of 4,488,721. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. The business's 50 day moving average is $20.89 and its two-hundred day moving average is $21.51. Kimco Realty Corporation has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The stock has a market cap of $14.16 billion, a P/E ratio of 27.19, a PEG ratio of 1.45 and a beta of 1.27.

Kimco Realty (NYSE:KIM - Get Free Report) last released 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. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business's revenue was up 965.3% on a year-over-year basis. As a group, equities analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

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 dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.78%. Kimco Realty's payout ratio is currently 129.87%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KIM. Citigroup reduced their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Piper Sandler reduced 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. Scotiabank reduced their price objective on shares of 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. Raymond James Financial reduced their price objective on shares of 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. Finally, Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Kimco Realty has a consensus rating of "Moderate Buy" and a consensus target price of $24.68.

Kimco Realty 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.