Kimco Realty Corp (NYSE:KIM) Holdings Boosted by Rhumbline Advisers

Rhumbline Advisers grew its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,379,813 shares of the real estate investment trust's stock after acquiring an additional 115,151 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Kimco Realty worth $29,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC increased its stake in Kimco Realty by 40.9% during the fourth quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after purchasing an additional 111,496 shares during the last quarter. Woodline Partners LP acquired a new stake in Kimco Realty during the fourth quarter worth about $9,057,000. Asset Management One Co. Ltd. lifted its holdings in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after acquiring an additional 12,705 shares during the last quarter. B&I Capital AG lifted its holdings in Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after acquiring an additional 62,100 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in Kimco Realty in the fourth quarter valued at approximately $287,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KIM shares. Mizuho dropped their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced 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. Scotiabank dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Raymond James cut their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty has a consensus rating of "Hold" and a consensus target price of $24.68.

Kimco Realty Price Performance

NYSE KIM traded up $0.18 on Friday, reaching $21.00. The company's stock had a trading volume of 5,261,209 shares, compared to its average volume of 4,484,511. The firm's 50 day moving average is $20.59 and its two-hundred day moving average is $22.00. The stock has a market cap of $14.20 billion, a PE ratio of 37.49, a PEG ratio of 2.78 and a beta of 1.27. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business's quarterly revenue was up 965.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, sell-side analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is 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.