Unigestion Holding SA Has $2.30 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Unigestion Holding SA boosted its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 212.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,041 shares of the real estate investment trust's stock after buying an additional 73,409 shares during the period. Unigestion Holding SA's holdings in Kimco Realty were worth $2,295,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KIM. Summit Securities Group LLC acquired a new stake in shares of Kimco Realty during the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. grew its position in shares of Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 575 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Kimco Realty during the 4th quarter valued at $45,000. Catalyst Capital Advisors LLC grew 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 worth $51,000 after purchasing an additional 1,104 shares during the period. Finally, Sentry Investment Management LLC purchased a new stake in Kimco Realty during the first quarter worth approximately $45,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Down 0.7%

Shares of NYSE:KIM traded down $0.16 during midday trading on Thursday, reaching $20.81. 4,169,833 shares of the company were exchanged, compared to its average volume of 4,470,335. The firm has a market cap of $14.07 billion, a PE ratio of 37.15, a P/E/G ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The stock has a fifty day simple moving average of $20.60 and a two-hundred day simple moving average of $22.03. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The business's quarterly revenue was up 965.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, sell-side analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio is currently 129.87%.

Analyst Ratings Changes

KIM has been the topic of a number of recent analyst reports. Raymond James cut their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Scotiabank decreased their target price on 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. Wall Street Zen lowered Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Mizuho reduced their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $24.68.

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.