OMERS ADMINISTRATION Corp Has $2.01 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

OMERS ADMINISTRATION Corp trimmed its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,594 shares of the real estate investment trust's stock after selling 32,182 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Kimco Realty were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in 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 worth $564,560,000 after acquiring an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC lifted its position 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 worth $411,179,000 after acquiring an additional 377,074 shares during the last quarter. Invesco Ltd. lifted its position in Kimco Realty by 18.3% during the 4th 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. Norges Bank acquired a new position in Kimco Realty during the 4th quarter worth $363,436,000. Finally, Northern Trust Corp lifted its position in Kimco Realty by 55.0% during the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after acquiring an additional 3,658,528 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

NYSE KIM traded down $0.38 on Tuesday, reaching $21.29. The company's stock had a trading volume of 2,193,559 shares, compared to its average volume of 5,217,799. The firm has a market cap of $14.40 billion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The business has a 50-day moving average price of $20.59 and a 200 day moving average price of $22.31. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.70%. Kimco Realty's dividend payout ratio is 129.87%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Piper Sandler dropped their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Raymond James dropped 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. Mizuho dropped their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Citigroup dropped their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.