Sumitomo Mitsui Trust Group Inc. Acquires 264,415 Shares of Kimco Realty Corporation (NYSE:KIM)

Sumitomo Mitsui Trust Group Inc. increased its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,660,537 shares of the real estate investment trust's stock after purchasing 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 institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in Kimco Realty by 4.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,524 shares of the real estate investment trust's stock worth $2,167,000 after buying an additional 4,051 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in shares of Kimco Realty by 41.1% during the 1st quarter. Achmea Investment Management B.V. now owns 259,342 shares of the real estate investment trust's stock worth $5,508,000 after acquiring an additional 75,606 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Kimco Realty by 13.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 888,484 shares of the real estate investment trust's stock worth $18,871,000 after acquiring an additional 106,952 shares during the last quarter. Tyche Wealth Partners LLC bought a new stake in Kimco Realty in the 1st quarter valued at $210,000. Finally, Golden State Wealth Management LLC raised its stake in Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 911 shares during the period. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 0.8%

KIM traded up $0.18 during midday trading on Friday, hitting $21.62. The company had a trading volume of 3,389,277 shares, compared to its average volume of 4,508,007. The stock's 50 day moving average price is $20.97 and its 200 day moving average price is $21.44. 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 $14.63 billion, a price-to-earnings ratio of 28.08, a PEG ratio of 1.50 and a beta of 1.24. 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 (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 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 business had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. During the same period in the previous year, the company posted $0.39 EPS. The firm's revenue was up 965.3% compared to the same quarter last year. On average, research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's dividend payout ratio is currently 129.87%.

Wall Street Analyst Weigh In

KIM has been the topic of several research reports. Citigroup decreased their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Wells Fargo & Company decreased their price target 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. Scotiabank cut 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. Raymond James Financial reduced their price target 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. Finally, Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. 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's stock. Based on data from MarketBeat, Kimco Realty currently has an average rating of "Moderate Buy" and an average target price of $24.70.

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.