Teacher Retirement System of Texas increased its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 3,910.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,955 shares of the real estate investment trust's stock after acquiring an additional 604,495 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Kimco Realty worth $13,168,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Kimco Realty in the 4th quarter worth $26,000. Brown Brothers Harriman & Co. grew its position in Kimco Realty by 78.9% in 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 grew its position 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 worth $30,000 after purchasing an additional 911 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in Kimco Realty in the 1st quarter worth $34,000. Finally, Headlands Technologies LLC acquired a new stake in Kimco Realty in the 4th quarter worth $45,000. Institutional investors own 89.25% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on KIM shares. Raymond James Financial decreased their price target on shares of 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. Piper Sandler decreased their target price on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Barclays began coverage on shares of Kimco Realty in a research report on Wednesday. They set an "overweight" rating and a $25.00 target price on the stock. Citigroup decreased their target price 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. Finally, Scotiabank decreased 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 report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $24.70.
Check Out Our Latest Report on Kimco Realty
Kimco Realty Price Performance
NYSE:KIM traded up $0.18 on Friday, reaching $21.62. The stock had a trading volume of 3,389,277 shares, compared to its average volume of 4,516,736. The company has a market capitalization of $14.63 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. 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 stock has a fifty day moving average price of $21.00 and a 200-day moving average price of $21.41.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly 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. The firm had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The company's revenue for the quarter was up 965.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. Research analysts forecast that Kimco Realty Corporation will post 1.71 EPS for the current year.
Kimco Realty Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid 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 presently 129.87%.
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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