Lansforsakringar Fondforvaltning AB publ Buys Shares of 215,993 Kimco Realty Corp (NYSE:KIM)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 215,993 shares of the real estate investment trust's stock, valued at approximately $5,061,000.

Other hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its holdings in Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after purchasing an additional 111,496 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after purchasing an additional 12,705 shares during the last quarter. B&I Capital AG lifted its holdings in Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after purchasing an additional 62,100 shares during the last quarter. Woodline Partners LP acquired a new stake in Kimco Realty during the 4th quarter valued at $9,057,000. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Kimco Realty during the fourth quarter worth $610,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

Shares of NYSE KIM traded down $0.10 during mid-day trading on Friday, reaching $21.25. The company had a trading volume of 6,604,778 shares, compared to its average volume of 4,488,279. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 2.78 and a beta of 1.26. The business's 50-day simple moving average is $20.60 and its 200 day simple moving average is $22.13.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. During the same quarter last year, the business earned $0.39 earnings per share. Kimco Realty's revenue was up 965.3% on a year-over-year basis. On average, research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.

Wall Street Analyst Weigh In

KIM has been the subject of a number of research reports. Mizuho dropped their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Scotiabank dropped their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Raymond James dropped their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Wells Fargo & Company dropped their target price 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Kimco Realty has a consensus rating of "Hold" and a consensus price target of $24.68.

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.