Universal Beteiligungs und Servicegesellschaft mbH Buys 11,683 Shares of Kimco Realty Corporation (NYSE:KIM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Kimco Realty Corporation by 2.4%, now owning about $10.65 million worth of the company's shares.
• A significant 89.25% of Kimco Realty's stock is held by institutional investors, indicating strong institutional interest in the company.
• Kimco Realty recently raised its dividend to $0.25 per share, representing a 4.59% dividend yield for stockholders.

Universal Beteiligungs und Servicegesellschaft mbH increased its position in Kimco Realty Corporation (NYSE:KIM - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 501,375 shares of the real estate investment trust's stock after buying an additional 11,683 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Kimco Realty worth $10,649,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GF Fund Management CO. LTD. raised its position in shares of Kimco Realty by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 12,767 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 517 shares during the period. Global Assets Advisory LLC raised its position in shares of Kimco Realty by 5.4% during the fourth quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 528 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Kimco Realty by 0.9% during the first quarter. Oregon Public Employees Retirement Fund now owns 58,335 shares of the real estate investment trust's stock worth $1,239,000 after purchasing an additional 530 shares during the period. Pitcairn Co. raised its position in shares of Kimco Realty by 4.0% during the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 567 shares during the period. Finally, Brown Brothers Harriman & Co. raised 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 during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KIM shares. Barclays started 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. Piper Sandler cut their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. 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. Wall Street Zen lowered Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, July 5th. Finally, Scotiabank dropped their price target 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $24.70.

Kimco Realty Stock Up 1.0%

KIM stock traded up $0.22 during mid-day trading on Tuesday, hitting $21.77. The stock had a trading volume of 1,448,145 shares, compared to its average volume of 4,829,899. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a fifty day moving average of $21.20 and a 200 day moving average of $21.24. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 1.60 and a beta of 1.24.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share 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 analyst estimates of $520.68 million. During the same period in the prior year, the firm posted $0.39 EPS. The business's revenue was up 965.3% compared to the same quarter last year. On average, equities analysts expect that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

About Kimco Realty

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.