Ensign Peak Advisors Inc raised its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,955 shares of the real estate investment trust's stock after purchasing an additional 67,817 shares during the quarter. Ensign Peak Advisors Inc's holdings in Kimco Realty were worth $7,169,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Kimco Realty in the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. raised its stake in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 575 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Kimco Realty in the 4th quarter valued at about $45,000. Catalyst Capital Advisors LLC raised its stake in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,104 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Kimco Realty in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 89.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Piper Sandler decreased their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Citigroup decreased their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Finally, Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus price target of $24.68.
Check Out Our Latest Research Report on Kimco Realty
Kimco Realty Stock Performance
Kimco Realty stock traded up $0.31 during midday trading on Friday, reaching $21.70. 2,860,535 shares of the company's stock were exchanged, compared to its average volume of 4,461,080. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 2.78 and a beta of 1.26. The stock's 50-day simple moving average is $20.57 and its 200 day simple moving average is $22.35. 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 issued its quarterly earnings data 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. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business's revenue was up 965.3% on a year-over-year basis. On average, analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.
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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