Kimco Realty Corporation (NYSE:KIM) Shares Sold by Generate Investment Management Ltd

Generate Investment Management Ltd trimmed its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 42.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,981 shares of the real estate investment trust's stock after selling 287,699 shares during the quarter. Generate Investment Management Ltd owned 0.06% of Kimco Realty worth $8,304,000 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. Keybank National Association OH lifted its stake in shares of Kimco Realty by 4.0% during the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 496 shares during the period. Global Assets Advisory LLC increased its position in Kimco Realty by 5.4% during the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 528 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after purchasing an additional 539 shares during the last quarter. Pitcairn Co. increased its position in Kimco Realty by 4.0% during the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 567 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Kimco Realty by 78.9% during the fourth 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. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the subject of several research analyst reports. Wall Street Zen raised shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. 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 report on Monday, May 5th. 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 report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, Piper Sandler dropped their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Ten investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.68.

Kimco Realty Trading Down 0.4%

Shares of Kimco Realty stock traded down $0.09 during trading hours on Friday, hitting $20.94. The company's stock had a trading volume of 5,608,906 shares, compared to its average volume of 4,502,122. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The business has a fifty day moving average of $20.89 and a 200 day moving average of $21.55. The company has a market capitalization of $14.16 billion, a PE ratio of 27.19, a P/E/G ratio of 1.46 and a beta of 1.27. The company has a quick ratio of 3.47, a current 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 results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The business's revenue was up 965.3% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. As a group, equities analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

About Kimco Realty

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.