Kimco Realty Corp (NYSE:KIM) Stake Lifted by Adelante Capital Management LLC

Adelante Capital Management LLC increased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 9.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,317,331 shares of the real estate investment trust's stock after buying an additional 194,637 shares during the period. Kimco Realty accounts for approximately 3.5% of Adelante Capital Management LLC's portfolio, making the stock its 10th largest holding. Adelante Capital Management LLC owned approximately 0.34% of Kimco Realty worth $54,295,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Kimco Realty during the 4th quarter valued at about $26,000. Brown Brothers Harriman & Co. raised its stake in 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 valued at $31,000 after purchasing an additional 575 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty during the third quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new position in Kimco Realty in the 4th quarter worth approximately $45,000. Finally, Catalyst Capital Advisors LLC increased its holdings 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 worth $51,000 after buying an additional 1,104 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Up 0.8 %

Shares of KIM stock traded up $0.16 during mid-day trading on Friday, reaching $21.11. The stock had a trading volume of 4,477,441 shares, compared to its average volume of 4,443,873. The firm has a market capitalization of $14.34 billion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. The stock's 50-day moving average price is $20.67 and its two-hundred day moving average price is $22.55. 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 Corp has a 52-week low of $17.93 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the previous year, the business earned $0.39 EPS. Kimco Realty's revenue was up 965.3% compared to the same quarter last year. Equities analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Mizuho reduced their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Scotiabank cut their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.68.

Kimco Realty Company 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.