Concurrent Investment Advisors LLC Has $861,000 Position in Kimco Realty Corporation (NYSE:KIM)

Concurrent Investment Advisors LLC boosted its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 45.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,559 shares of the real estate investment trust's stock after acquiring an additional 12,700 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Kimco Realty were worth $861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC increased its stake in Kimco Realty by 40.9% in the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after acquiring an additional 111,496 shares during the period. Woodline Partners LP bought a new stake in Kimco Realty in the fourth quarter valued at about $9,057,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Kimco Realty by 4.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock valued at $2,167,000 after acquiring an additional 4,051 shares during the period. GF Fund Management CO. LTD. bought a new stake in Kimco Realty in the fourth quarter valued at about $287,000. Finally, Generali Asset Management SPA SGR bought a new stake in Kimco Realty in the fourth quarter valued at about $610,000. Institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KIM. Raymond James Financial dropped their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Scotiabank dropped their price objective 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. Piper Sandler dropped their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Wall Street Zen lowered shares of Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Finally, Citigroup dropped their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Kimco Realty has a consensus rating of "Hold" and a consensus price target of $24.70.

Kimco Realty Price Performance

Shares of KIM traded up $0.05 during mid-day trading on Friday, hitting $21.42. 1,576,475 shares of the company traded hands, compared to its average volume of 4,954,846. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average of $21.05 and a 200 day moving average of $21.38. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.55 and a beta of 1.24.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 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 business had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. During the same period in the prior year, the firm earned $0.39 earnings per share. Kimco Realty's revenue was up 965.3% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid 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 yield of 4.67%. Kimco Realty's payout ratio 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.