32,138 Shares in Kimco Realty Corporation (NYSE:KIM) Bought by MQS Management LLC

MQS Management LLC purchased a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 32,138 shares of the real estate investment trust's stock, valued at approximately $683,000.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Kimco Realty during the fourth quarter worth approximately $363,436,000. Northern Trust Corp increased its holdings in shares of Kimco Realty by 55.0% during the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after purchasing an additional 3,658,528 shares during the period. Federated Hermes Inc. increased its holdings in shares of Kimco Realty by 90.5% during the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock worth $170,535,000 after purchasing an additional 3,457,435 shares during the period. Invesco Ltd. increased its holdings in shares of Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after purchasing an additional 2,692,258 shares during the period. Finally, Schroder Investment Management Group boosted its position in Kimco Realty by 348.9% in the fourth quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock valued at $72,353,000 after buying an additional 2,420,884 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded up $0.25 on Wednesday, reaching $21.42. 2,819,858 shares of the company traded hands, compared to its average volume of 4,510,535. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a 50 day moving average of $21.12 and a 200 day moving average of $21.30. The firm has a market capitalization of $14.49 billion, a PE ratio of 27.81, a PEG ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.47 and a quick ratio of 3.47.

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

Kimco Realty Dividend Announcement

The company 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. This represents a $1.00 annualized dividend and a yield of 4.67%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.

Analysts Set New Price Targets

A number of analysts have weighed in on KIM shares. Piper Sandler cut their target price on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Scotiabank cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Barclays started coverage on shares of Kimco Realty in a research report on Wednesday, July 2nd. They issued an "overweight" rating and a $25.00 target price on the stock. Finally, Wall Street Zen lowered shares of 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 assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Kimco Realty currently has a consensus rating of "Hold" and an average target price of $24.70.

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.