Pacific Heights Asset Management LLC Buys 175,000 Shares of Kimco Realty Corporation (NYSE:KIM)

Pacific Heights Asset Management LLC boosted its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 140.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the real estate investment trust's stock after acquiring an additional 175,000 shares during the quarter. Pacific Heights Asset Management LLC's holdings in Kimco Realty were worth $6,372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Keybank National Association OH boosted its holdings in Kimco Realty by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 496 shares during the period. GF Fund Management CO. LTD. lifted its stake in Kimco Realty by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 517 shares during the last quarter. Global Assets Advisory LLC lifted its stake in Kimco Realty by 5.4% during the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 528 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Kimco Realty by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after purchasing an additional 530 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Kimco Realty by 4.4% in the fourth 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 during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 0.8%

Shares of Kimco Realty stock traded up $0.18 during trading on Friday, hitting $21.62. 3,389,277 shares of the stock traded hands, compared to its average volume of 4,508,007. The stock has a market cap of $14.63 billion, a P/E ratio of 28.08, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.47 and a current ratio of 3.47. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The company has a fifty day moving average price of $21.00 and a two-hundred day moving average price of $21.42.

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 the consensus estimate of $0.42 by $0.02. The company had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The company's revenue for the quarter was up 965.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. Equities research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.63%. The ex-dividend date was Friday, June 6th. Kimco Realty's dividend payout ratio is 129.87%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Barclays initiated coverage on Kimco Realty in a report on Wednesday. They set an "overweight" rating and a $25.00 price objective on the stock. Scotiabank dropped their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Raymond James Financial lowered their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Finally, Piper Sandler lowered their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $24.70.

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.