Kimco Realty Corporation (NYSE:KIM) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 888,484 shares of the real estate investment trust's stock after buying an additional 106,952 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of Kimco Realty worth $18,871,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Kimco Realty during the 4th quarter valued at approximately $363,436,000. Northern Trust Corp increased its holdings in shares of Kimco Realty by 55.0% in the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after purchasing an additional 3,658,528 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Kimco Realty by 90.5% in the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock worth $170,535,000 after buying an additional 3,457,435 shares in the last quarter. Invesco Ltd. boosted its stake in Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after buying an additional 2,692,258 shares during the last quarter. Finally, Amundi grew its holdings in Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after buying an additional 2,484,536 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KIM shares. Scotiabank lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Citigroup cut their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Wells Fargo & Company lowered their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, Barclays began coverage on Kimco Realty in a research report on Wednesday. They set an "overweight" rating and a $25.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.70.

Kimco Realty Stock Up 1.3%

Shares of NYSE:KIM traded up $0.28 during trading hours on Wednesday, hitting $21.46. The company's stock had a trading volume of 2,716,206 shares, compared to its average volume of 4,495,040. The firm's fifty day moving average price is $20.93 and its 200 day moving average price is $21.46. Kimco Realty Corporation has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.46 and a beta of 1.24. 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 (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. Kimco Realty's revenue for the quarter was up 965.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, research analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is currently 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.