Vert Asset Management LLC Purchases 17,966 Shares of Kimco Realty Corp (NYSE:KIM)

Vert Asset Management LLC increased its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 6.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 315,773 shares of the real estate investment trust's stock after acquiring an additional 17,966 shares during the quarter. Kimco Realty comprises 2.3% of Vert Asset Management LLC's holdings, making the stock its 14th largest holding. Vert Asset Management LLC's holdings in Kimco Realty were worth $6,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Summit Securities Group LLC acquired a new position in shares of Kimco Realty in the fourth quarter worth approximately $26,000. Brown Brothers Harriman & Co. lifted its stake 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 worth $31,000 after acquiring an additional 575 shares during the period. Headlands Technologies LLC acquired a new position in shares of Kimco Realty in the fourth quarter worth approximately $45,000. Sentry Investment Management LLC acquired a new position in shares of Kimco Realty in the first quarter worth approximately $45,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Kimco Realty by 102.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,104 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KIM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Citigroup cut their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Raymond James dropped their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Mizuho dropped their price target 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, 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 note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $24.68.

Kimco Realty Stock Down 1.0%

Shares of NYSE KIM traded down $0.22 during midday trading on Wednesday, hitting $20.98. 5,076,242 shares of the stock traded hands, compared to its average volume of 4,503,357. The company has a market cap of $14.19 billion, a PE ratio of 37.46, a P/E/G ratio of 2.78 and a beta of 1.27. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The business has a 50 day moving average price of $20.60 and a two-hundred day moving average price of $21.89. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company's quarterly revenue was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.77%. Kimco Realty's dividend payout ratio is 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.