Kimco Realty Corporation (NYSE:KIM) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 1.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,403,257 shares of the real estate investment trust's stock after purchasing an additional 14,234 shares during the period. Principal Financial Group Inc. owned about 0.21% of Kimco Realty worth $29,805,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KIM. Summit Securities Group LLC acquired a new stake in Kimco Realty in the 4th quarter valued at approximately $26,000. Golden State Wealth Management LLC increased its holdings in Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 911 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 575 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in Kimco Realty in the 1st quarter valued at approximately $34,000. Finally, Headlands Technologies LLC acquired a new stake in Kimco Realty in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

Shares of KIM opened at $21.10 on Wednesday. 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 market cap of $14.27 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The firm has a fifty day moving average price of $21.01 and a 200 day moving average price of $21.38.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Kimco Realty's revenue for the quarter was up 965.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business 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 annualized dividend and a yield of 4.74%. Kimco Realty's dividend payout ratio is presently 129.87%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Scotiabank dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Raymond James Financial dropped their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Barclays assumed coverage on shares of Kimco Realty in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 price target for the company. Citigroup dropped their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $24.70.

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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