Kimco Realty Corporation (NYSE:KIM) Position Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 45.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,559 shares of the real estate investment trust's stock after purchasing an additional 12,700 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Kimco Realty were worth $861,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KIM. Norges Bank acquired a new stake in shares of Kimco Realty during the fourth quarter worth $363,436,000. Northern Trust Corp raised its position in shares of Kimco Realty by 55.0% in the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after buying an additional 3,658,528 shares during the period. Federated Hermes Inc. raised its position in shares of Kimco Realty by 90.5% in the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock worth $170,535,000 after buying an additional 3,457,435 shares during the period. Invesco Ltd. raised its position in shares of Kimco Realty by 18.3% in the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after buying an additional 2,692,258 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Kimco Realty by 348.9% in the 4th quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock worth $72,353,000 after buying an additional 2,420,884 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on KIM. Citigroup cut their price objective on 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 cut their price objective on 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. Scotiabank cut their price objective on 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. Wells Fargo & Company dropped their target price on 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. Finally, Wall Street Zen lowered Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a sell rating, nine have assigned 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 company currently has a consensus rating of "Hold" and an average price target of $24.70.

Kimco Realty Stock Up 0.5%

NYSE:KIM traded up $0.11 during mid-day trading on Friday, reaching $21.48. The stock had a trading volume of 3,593,380 shares, compared to its average volume of 4,520,210. 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's 50 day simple moving average is $21.07 and its two-hundred day simple moving average is $21.33. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

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, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $520.68 million. During the same quarter last year, the business posted $0.39 EPS. The business's revenue was up 965.3% on a year-over-year basis. Equities analysts anticipate 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 issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

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.