Robeco Institutional Asset Management B.V. Acquires 106,952 Shares of Kimco Realty Corporation (NYSE:KIM)

Robeco Institutional Asset Management B.V. boosted 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 filing with the Securities & Exchange Commission. The fund owned 888,484 shares of the real estate investment trust's stock after acquiring an additional 106,952 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Kimco Realty worth $18,871,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Kimco Realty during the fourth quarter worth approximately $380,000. Bank of New York Mellon Corp lifted its holdings in Kimco Realty by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,953,320 shares of the real estate investment trust's stock worth $139,486,000 after buying an additional 51,656 shares in the last quarter. National Pension Service boosted its position in Kimco Realty by 4,342.8% in the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock valued at $25,264,000 after buying an additional 1,053,992 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Kimco Realty in the 4th quarter valued at $1,045,000. Finally, Linscomb Wealth Inc. increased its stake in shares of Kimco Realty by 11.3% in the 4th quarter. Linscomb Wealth Inc. now owns 27,316 shares of the real estate investment trust's stock valued at $640,000 after buying an additional 2,773 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

Shares of KIM stock opened at $20.94 on Friday. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83. The firm has a fifty day moving average of $20.89 and a 200-day moving average of $21.51. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) 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 firm had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The company's revenue was up 965.3% on a year-over-year basis. On average, equities research analysts forecast that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. Kimco Realty's payout ratio is 129.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler decreased their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Scotiabank reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Raymond James Financial dropped their price target on shares of 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. Wells Fargo & Company cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Citigroup lowered their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.68.

About Kimco Realty

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.

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