Massachusetts Financial Services Co. MA cut its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 6.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,435,037 shares of the real estate investment trust's stock after selling 514,033 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.09% of Kimco Realty worth $157,920,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Squarepoint Ops LLC raised its holdings in Kimco Realty by 40.9% in the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock worth $8,994,000 after purchasing an additional 111,496 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of Kimco Realty in the 1st quarter worth about $209,000. Woodline Partners LP bought a new position in shares of Kimco Realty in the 4th quarter worth about $9,057,000. Concurrent Investment Advisors LLC increased its stake in shares of Kimco Realty by 45.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 40,559 shares of the real estate investment trust's stock worth $861,000 after acquiring an additional 12,700 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kimco Realty by 4.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock worth $2,167,000 after acquiring an additional 4,051 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.
Kimco Realty Stock Performance
Shares of NYSE KIM traded up $0.01 during trading on Friday, reaching $21.67. 3,467,158 shares of the company traded hands, compared to its average volume of 4,505,023. The firm has a 50 day simple moving average of $21.14 and a 200-day simple moving average of $21.29. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $14.66 billion, a PE ratio of 28.14, a P/E/G ratio of 1.57 and a beta of 1.24. Kimco Realty Corporation has a 52-week low of $17.93 and a 52-week high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The business's quarterly revenue was up 965.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Equities research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.
Kimco Realty Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders 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 dividend yield of 4.61%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is presently 129.87%.
Wall Street Analyst Weigh In
KIM has been the subject of several research reports. Scotiabank decreased 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. Wall Street Zen lowered shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday, July 5th. Raymond James Financial decreased 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 initiated 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. Finally, Piper Sandler decreased 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 note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $24.70.
Read Our Latest Stock Report on KIM
Kimco Realty Profile
(
Free Report)
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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