Knights of Columbus Asset Advisors LLC Lowers Position in Kimco Realty Corporation (NYSE:KIM)

Key Points

• Knights of Columbus Asset Advisors LLC has drastically reduced its holdings in Kimco Realty Corporation by 81.6%, now owning 38,311 shares valued at $814,000.
• Several institutional investors have increased their positions in Kimco Realty, with 89.25% of the stock currently held by such entities.
• Analysts have mixed views on the stock, with target price adjustments and ratings ranging from "sell" to "strong buy," leading to an average rating of "Hold" and a consensus target price of $24.70.

Knights of Columbus Asset Advisors LLC trimmed its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 81.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,311 shares of the real estate investment trust's stock after selling 169,560 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Kimco Realty were worth $814,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GF Fund Management CO. LTD. raised its position in Kimco Realty by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock valued at $271,000 after buying an additional 517 shares during the last quarter. Global Assets Advisory LLC raised its position in Kimco Realty by 5.4% in the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 528 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Kimco Realty by 0.9% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock valued at $1,239,000 after buying an additional 530 shares during the last quarter. Pitcairn Co. raised its position in Kimco Realty by 4.0% in the 4th quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 567 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position 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 buying an additional 575 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

Shares of KIM stock traded down $0.19 on Friday, hitting $21.79. 4,191,053 shares of the stock were exchanged, compared to its average volume of 3,739,516. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $14.74 billion, a PE ratio of 28.30, a P/E/G ratio of 1.60 and a beta of 1.24. Kimco Realty Corporation has a one year low of $17.93 and a one year high of $25.83. The firm's 50 day moving average is $21.20 and its two-hundred day moving average is $21.24.

Kimco Realty (NYSE:KIM - Get Free Report) last posted 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. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The firm's quarterly revenue was up 965.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. Sell-side analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced 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 4.59%. Kimco Realty's dividend payout ratio is currently 129.87%.

Analyst Ratings Changes

A number of research firms recently commented on KIM. Wall Street Zen lowered Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Barclays started coverage on Kimco Realty in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 target price for the company. Piper Sandler decreased their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Scotiabank decreased their target price on 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. Finally, Raymond James Financial decreased their target price on 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $24.70.

Kimco Realty Company 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.