Kimco Realty Corporation (NYSE:KIM) Shares Purchased by Global Assets Advisory LLC

Global Assets Advisory LLC lifted its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 183.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,352 shares of the real estate investment trust's stock after acquiring an additional 18,989 shares during the period. Global Assets Advisory LLC's holdings in Kimco Realty were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in KIM. Sanctuary Advisors LLC boosted its holdings in Kimco Realty by 10.1% in the fourth quarter. Sanctuary Advisors LLC now owns 40,288 shares of the real estate investment trust's stock valued at $914,000 after purchasing an additional 3,684 shares during the last quarter. Ieq Capital LLC boosted its holdings in Kimco Realty by 5.4% in the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust's stock valued at $393,000 after purchasing an additional 853 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Kimco Realty in the fourth quarter valued at $380,000. Bank of New York Mellon Corp boosted its holdings in Kimco Realty by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,953,320 shares of the real estate investment trust's stock valued at $139,486,000 after purchasing an additional 51,656 shares during the last quarter. Finally, National Pension Service boosted its holdings in Kimco Realty by 4,342.8% in the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock valued at $25,264,000 after purchasing an additional 1,053,992 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 1.9%

KIM opened at $20.84 on Thursday. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. 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 company has a 50-day moving average price of $20.86 and a 200 day moving average price of $21.58. The company has a market cap of $14.10 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27.

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 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 during the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's revenue for the quarter was up 965.3% on a year-over-year basis. Sell-side analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

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 was Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.80%. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

Wall Street Analysts Forecast Growth

KIM has been the topic of several recent research reports. Citigroup lowered their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Scotiabank lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Raymond James Financial lowered their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Piper Sandler lowered their target price 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. 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 given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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