Wealth Enhancement Advisory Services LLC lowered its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 35.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,042 shares of the real estate investment trust's stock after selling 29,043 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kimco Realty were worth $1,105,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of KIM. Norges Bank bought a new position in shares of Kimco Realty in the fourth quarter valued at $363,436,000. Northern Trust Corp increased its holdings in shares of Kimco Realty by 55.0% in the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock valued at $241,446,000 after buying an additional 3,658,528 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Kimco Realty by 90.5% in the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock valued at $170,535,000 after buying an additional 3,457,435 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Kimco Realty by 18.3% in the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after buying an additional 2,692,258 shares in the last quarter. Finally, Amundi increased its holdings in shares of Kimco Realty by 70.7% in the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after buying an additional 2,484,536 shares in the last quarter. Institutional investors own 89.25% of the company's stock.
Kimco Realty Stock Up 0.8%
Kimco Realty stock traded up $0.18 during mid-day trading on Friday, hitting $21.62. 3,389,277 shares of the company's stock were exchanged, compared to its average volume of 4,516,736. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75. The stock has a market cap of $14.63 billion, a P/E ratio of 28.08, a P/E/G 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 stock has a 50 day moving average of $21.00 and a two-hundred day moving average of $21.42.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The business's quarterly revenue was up 965.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, analysts anticipate that Kimco Realty Corporation will post 1.71 EPS for the current fiscal year.
Kimco Realty Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Friday, June 6th. Kimco Realty's payout ratio is presently 129.87%.
Analyst Ratings Changes
KIM has been the topic of several research reports. Piper Sandler dropped their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday. Scotiabank cut 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 note on Wednesday, April 23rd. Wells Fargo & Company cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Finally, Barclays initiated coverage on shares of Kimco Realty in a research note on Wednesday. They set an "overweight" rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty has a consensus rating of "Hold" and an average price target of $24.70.
Check Out Our Latest Stock Analysis 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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