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

Asset Management One Co. Ltd. lifted its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,251,420 shares of the real estate investment trust's stock after acquiring an additional 16,171 shares during the quarter. Asset Management One Co. Ltd. owned 0.18% of Kimco Realty worth $26,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Kimco Realty during the fourth quarter worth about $26,000. Brown Brothers Harriman & Co. increased its stake in shares of Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 575 shares during the period. Headlands Technologies LLC acquired a new position in shares of Kimco Realty during the fourth quarter worth about $45,000. Sentry Investment Management LLC acquired a new position in shares of Kimco Realty during the first quarter worth about $45,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Kimco Realty during the fourth quarter worth about $76,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Shares of NYSE KIM traded up $0.21 on Thursday, hitting $21.04. The company's stock had a trading volume of 3,895,690 shares, compared to its average volume of 4,488,820. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. 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 50 day moving average of $20.88 and a 200-day moving average of $21.58.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating 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 company 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 firm earned $0.39 earnings per share. The company's revenue for the quarter was up 965.3% compared to the same quarter last year. As a group, research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Scotiabank lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Citigroup lowered their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Raymond James Financial lowered their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Wells Fargo & Company lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Ten research 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 company. According to MarketBeat.com, Kimco Realty has an average rating of "Moderate Buy" and a consensus target price of $24.68.

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.