Ritholtz Wealth Management Buys Shares of 12,383 Kimco Realty Corporation (NYSE:KIM)

Ritholtz Wealth Management purchased a new stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,383 shares of the real estate investment trust's stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Baker Ellis Asset Management LLC lifted its stake in Kimco Realty by 1.8% in the 1st quarter. Baker Ellis Asset Management LLC now owns 134,345 shares of the real estate investment trust's stock worth $2,853,000 after acquiring an additional 2,417 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Kimco Realty by 20.0% in the 1st quarter. Handelsbanken Fonder AB now owns 193,542 shares of the real estate investment trust's stock worth $4,111,000 after acquiring an additional 32,300 shares in the last quarter. SG Americas Securities LLC lifted its stake in Kimco Realty by 3,689.2% in the 1st quarter. SG Americas Securities LLC now owns 709,410 shares of the real estate investment trust's stock worth $15,068,000 after acquiring an additional 690,688 shares in the last quarter. Ibex Wealth Advisors lifted its stake in Kimco Realty by 10.4% in the 1st quarter. Ibex Wealth Advisors now owns 13,113 shares of the real estate investment trust's stock worth $279,000 after acquiring an additional 1,236 shares in the last quarter. Finally, Vert Asset Management LLC lifted its stake in Kimco Realty by 6.0% in the 1st quarter. Vert Asset Management LLC now owns 315,773 shares of the real estate investment trust's stock worth $6,707,000 after acquiring an additional 17,966 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Raymond James Financial reduced their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Wells Fargo & Company reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Piper Sandler cut their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Scotiabank cut their price target 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 investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Stock Performance

Shares of KIM stock traded down $0.12 during trading on Friday, reaching $20.88. The company had a trading volume of 10,711,456 shares, compared to its average volume of 4,491,160. The firm's 50 day simple moving average is $20.83 and its two-hundred day simple moving average is $21.61. 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 Corporation has a one year low of $17.93 and a one year high of $25.83. The company has a market capitalization of $14.12 billion, a PE ratio of 12.29, a PEG ratio of 1.45 and a beta of 1.27.

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

Kimco Realty Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.

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.