Sumitomo Mitsui Trust Group Inc. Boosts Holdings in Kimco Realty Corporation (NYSE:KIM)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,660,537 shares of the real estate investment trust's stock after buying an additional 264,415 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.54% of Kimco Realty worth $77,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Summit Securities Group LLC acquired a new position in Kimco Realty during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. raised its position 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 worth $31,000 after purchasing an additional 575 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Kimco Realty by 177.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 911 shares during the last quarter. Headlands Technologies LLC purchased a new position in Kimco Realty in the 4th quarter valued at about $45,000. Finally, Sentry Investment Management LLC acquired a new stake in Kimco Realty in the 1st quarter worth about $45,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Down 0.2%

Shares of NYSE KIM traded down $0.04 during midday trading on Thursday, reaching $21.41. 3,343,090 shares of the stock were exchanged, compared to its average volume of 4,497,736. The stock has a market capitalization of $14.48 billion, a P/E ratio of 27.80, a PEG ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.47 and a current ratio of 3.47. The company has a 50 day simple moving average of $20.95 and a 200 day simple moving average of $21.46. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83.

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, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The company had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same quarter last year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was up 965.3% compared to the same quarter last year. As a group, equities analysts expect 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 issued a $0.25 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.67%. Kimco Realty's dividend payout ratio (DPR) is currently 129.87%.

Analyst Ratings Changes

Several research firms have recently weighed in on KIM. Wells Fargo & Company decreased their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Raymond James Financial dropped their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Wall Street Zen upgraded shares of Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Citigroup lowered their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.70.

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.