MQS Management LLC Takes $683,000 Position in Kimco Realty Corporation (NYSE:KIM)

MQS Management LLC bought a new stake in Kimco Realty Corporation (NYSE:KIM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,138 shares of the real estate investment trust's stock, valued at approximately $683,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GF Fund Management CO. LTD. grew 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 in the last quarter. Global Assets Advisory LLC grew 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 in the last quarter. Oregon Public Employees Retirement Fund grew 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 in the last quarter. Avantax Advisory Services Inc. grew its position in Kimco Realty by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 539 shares in the last quarter. Finally, Pitcairn Co. grew 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 in the last quarter. Institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KIM shares. Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday, July 5th. Wells Fargo & Company cut 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 report on Wednesday, March 26th. Citigroup cut their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Piper Sandler cut their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Scotiabank cut 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 report on Wednesday, April 23rd. 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 company. According to data from MarketBeat.com, Kimco Realty presently has an average rating of "Hold" and a consensus price target of $24.70.

Kimco Realty Stock Up 0.5%

Shares of KIM stock traded up $0.11 during trading on Friday, hitting $21.48. 3,593,380 shares of the company were exchanged, compared to its average volume of 4,520,210. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.47 and a current ratio of 3.47. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 1.58 and a beta of 1.24. The business's 50-day simple moving average is $21.07 and its 200 day simple moving average is $21.33. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its 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. 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 analysts' expectations of $520.68 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company's revenue was up 965.3% compared to the same quarter last year. As a group, analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio is 129.87%.

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.