Wellington Management Group LLP Has $28.63 Million Position in Kimco Realty Corp (NYSE:KIM)

Wellington Management Group LLP decreased its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,221,879 shares of the real estate investment trust's stock after selling 138,726 shares during the quarter. Wellington Management Group LLP owned about 0.18% of Kimco Realty worth $28,629,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Kimco Realty by 7.9% during the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock valued at $564,560,000 after purchasing an additional 1,755,684 shares during the period. Geode Capital Management LLC raised its stake in Kimco Realty by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock valued at $411,179,000 after purchasing an additional 377,074 shares during the period. Invesco Ltd. boosted its position in shares of Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after acquiring an additional 2,692,258 shares during the last quarter. Resolution Capital Ltd grew its position in shares of Kimco Realty by 13.7% during the fourth quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock valued at $388,442,000 after purchasing an additional 1,992,550 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Kimco Realty during the 4th quarter worth approximately $363,436,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 0.3%

Shares of KIM stock traded down $0.06 during trading hours on Wednesday, hitting $20.99. 3,677,846 shares of the company were exchanged, compared to its average volume of 4,471,543. The firm has a fifty day moving average of $20.60 and a 200 day 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 Corp has a 1 year low of $17.93 and a 1 year high of $25.83. The firm has a market cap of $14.20 billion, a PE ratio of 37.48, a PEG ratio of 2.78 and a beta of 1.26.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $536.62 million during 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 company's revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. Analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is 129.87%.

Analysts Set New Price Targets

Several research analysts have commented on KIM shares. Raymond James dropped their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Piper Sandler lowered their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. 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. Finally, Wells Fargo & Company reduced their target price on 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 issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.