Kimco Realty Corporation (NYSE:KIM) Stake Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in Kimco Realty Corporation (NYSE:KIM - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Summit Securities Group LLC acquired a new position in Kimco Realty in the 4th quarter valued at $26,000. Golden State Wealth Management LLC lifted its stake 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 worth $30,000 after purchasing an additional 911 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 575 shares during the last quarter. WASHINGTON TRUST Co purchased a new stake in shares of Kimco Realty in the first quarter valued at approximately $34,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $45,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on KIM. Barclays initiated coverage on shares of Kimco Realty in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price target on the stock. 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. Raymond James Financial dropped their price objective on shares of 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. Wells Fargo & Company lowered their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Kimco Realty presently has an average rating of "Hold" and an average price target of $24.70.

Kimco Realty Trading Up 0.5%

KIM traded up $0.11 during trading on Friday, hitting $21.48. 3,593,380 shares of the company's stock were exchanged, compared to its average volume of 4,520,210. Kimco Realty Corporation has a 1 year low of $17.93 and a 1 year high of $25.83. The stock has a 50 day moving average price of $21.07 and a 200 day moving average price of $21.33. The firm has a market cap of $14.53 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75.

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 EPS for the quarter, beating 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 company had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same period last year, the company posted $0.39 earnings per share. The firm's revenue was up 965.3% compared to the same quarter last year. As a group, analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a dividend of $0.25 per share. The ex-dividend date 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 is currently 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.