Pacer Advisors Inc. Has $734,000 Stock Holdings in Kimco Realty Corporation (NYSE:KIM)

Key Points

• Pacer Advisors Inc. has reduced its holdings in Kimco Realty Corporation by 38.7%, selling 21,761 shares and now owning 34,537 shares valued at $734,000.
• Kimco Realty announced a quarterly dividend of $0.25, representing a 4.8% yield, with the ex-dividend date set for September 5th.
• The company's earnings for the last quarter surpassed analysts' expectations, reporting $0.44 EPS on revenues of $525.18 million, marking a 5.0% year-over-year increase in revenue.

Pacer Advisors Inc. lowered its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 38.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,537 shares of the real estate investment trust's stock after selling 21,761 shares during the period. Pacer Advisors Inc.'s holdings in Kimco Realty were worth $734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in shares of Kimco Realty by 4.2% in the first quarter. Assetmark Inc. now owns 57,582 shares of the real estate investment trust's stock worth $1,223,000 after acquiring an additional 2,332 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Kimco Realty by 94.0% in the first quarter. Cetera Investment Advisers now owns 63,327 shares of the real estate investment trust's stock worth $1,345,000 after acquiring an additional 30,683 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Kimco Realty by 4.3% in the first quarter. KLP Kapitalforvaltning AS now owns 628,100 shares of the real estate investment trust's stock worth $13,341,000 after acquiring an additional 25,900 shares during the last quarter. B&I Capital AG grew its stake in shares of Kimco Realty by 4.6% in the first quarter. B&I Capital AG now owns 533,130 shares of the real estate investment trust's stock worth $11,324,000 after acquiring an additional 23,300 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Kimco Realty by 2.4% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 501,375 shares of the real estate investment trust's stock worth $10,649,000 after acquiring an additional 11,683 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Trading Up 0.9%

Shares of Kimco Realty stock traded up $0.20 during trading on Tuesday, hitting $21.25. 1,350,939 shares of the company were exchanged, compared to its average volume of 4,873,074. The firm has a market capitalization of $14.37 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The firm's fifty day moving average price is $21.26 and its 200 day moving average price is $21.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.92 and a quick ratio of 3.47.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. As a group, 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 will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 5th. Kimco Realty's payout ratio is presently 120.48%.

Analysts Set New Price Targets

Several research analysts recently commented on KIM shares. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday. Raymond James Financial reduced 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. Barclays began coverage on Kimco Realty in a report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 price objective for the company. Piper Sandler lowered their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Scotiabank lowered their target price on 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. Ten equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus price target of $24.57.

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.