SG Americas Securities LLC Boosts Stock Position in Kimco Realty Corp (NYSE:KIM)

SG Americas Securities LLC grew its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 3,689.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 709,410 shares of the real estate investment trust's stock after acquiring an additional 690,688 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Kimco Realty worth $15,068,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty during the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 575 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Kimco Realty during the 4th quarter valued at about $45,000. Sentry Investment Management LLC purchased a new stake in shares of Kimco Realty during the 1st quarter valued at about $45,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.22 on Friday, hitting $20.80. 2,772,518 shares of the company traded hands, compared to its average volume of 4,483,102. The stock has a market capitalization of $14.07 billion, a P/E ratio of 37.14, a price-to-earnings-growth 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 52 week low of $17.93 and a 52 week high of $25.83. The business has a 50-day simple moving average of $20.71 and a 200 day simple moving average of $21.82.

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 for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same period last year, the firm posted $0.39 earnings per share. Kimco Realty's revenue for the quarter was up 965.3% compared to the same quarter last year. Research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Scotiabank lowered 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 research note on Wednesday, April 23rd. Wells Fargo & Company lowered 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 research note on Wednesday, March 26th. Raymond James decreased their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research note on Saturday. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently 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.