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Global Assets Advisory LLC Grows Position in Kimco Realty Corporation (NYSE:KIM)

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Global Assets Advisory LLC increased its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 183.2% during the first quarter, according to the company in its most recent disclosure 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 quarter. Global Assets Advisory LLC's holdings in Kimco Realty were worth $588,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Norges Bank acquired a new position in shares of Kimco Realty in the fourth quarter worth approximately $363,436,000. Northern Trust Corp lifted its stake in shares of Kimco Realty by 55.0% in the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after acquiring an additional 3,658,528 shares during the period. Federated Hermes Inc. lifted its stake in shares of Kimco Realty by 90.5% in the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock worth $170,535,000 after acquiring an additional 3,457,435 shares during the period. Invesco Ltd. lifted its stake in shares of Kimco Realty by 18.3% in the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after acquiring an additional 2,692,258 shares during the period. Finally, Amundi lifted its stake in shares of Kimco Realty by 70.7% in the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after acquiring an additional 2,484,536 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on KIM. Piper Sandler cut their price objective on 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 cut their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Citigroup cut their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Wells Fargo & Company cut their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Check Out Our Latest Stock Report on KIM

Kimco Realty Stock Down 0.4%

Shares of NYSE:KIM traded down $0.09 during trading on Friday, reaching $20.94. 5,608,906 shares of the stock were exchanged, compared to its average volume of 4,488,721. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The stock has a fifty day moving average of $20.89 and a two-hundred day moving average of $21.51. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The company had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same period in the prior year, the firm earned $0.39 earnings per share. Kimco Realty's revenue for the quarter was up 965.3% on a year-over-year basis. Research analysts anticipate 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Friday, June 6th. Kimco Realty's payout ratio is currently 129.87%.

Kimco Realty Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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