Teacher Retirement System of Texas grew its holdings in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 3,910.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 619,955 shares of the real estate investment trust's stock after buying an additional 604,495 shares during the period. Teacher Retirement System of Texas owned 0.09% of Kimco Realty worth $13,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Kimco Realty during the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. increased its position in shares of Kimco Realty by 78.9% during the fourth 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 in the last quarter. Golden State Wealth Management LLC increased its position in shares of Kimco Realty by 177.6% during the first 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 in the last quarter. WASHINGTON TRUST Co acquired a new stake in shares of Kimco Realty during the first quarter worth about $34,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Kimco Realty during the fourth quarter worth about $45,000. 89.25% of the stock is owned by hedge funds and other institutional investors.
Kimco Realty Stock Performance
KIM stock traded down $0.11 during trading on Tuesday, hitting $21.10. The company had a trading volume of 5,445,838 shares, compared to its average volume of 4,524,362. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $21.01 and a 200-day moving average price of $21.38. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The firm has a market cap of $14.27 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24.
Kimco Realty (NYSE:KIM - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $520.68 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm's quarterly revenue was up 965.3% on a year-over-year basis. On average, analysts expect 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. Shareholders of record on Friday, June 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.74%. The ex-dividend date was Friday, June 6th. Kimco Realty's payout ratio is 129.87%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Scotiabank cut their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. 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. Barclays assumed coverage on Kimco Realty in a research report on Wednesday, July 2nd. They set an "overweight" rating and a $25.00 target price on the stock. Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Raymond James Financial cut their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.70.
Check Out Our Latest Stock Report on Kimco Realty
About Kimco Realty
(
Free Report)
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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