Lido Advisors LLC Buys New Stake in Kimco Realty Corp (NYSE:KIM)

Lido Advisors LLC purchased a new position in Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,699 shares of the real estate investment trust's stock, valued at approximately $391,000.

A number of other institutional investors also recently bought and sold shares of KIM. Norges Bank purchased a new stake in Kimco Realty in the fourth quarter worth about $363,436,000. Northern Trust Corp grew its holdings in shares of Kimco Realty by 55.0% during 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 during the last quarter. Federated Hermes Inc. grew its holdings in shares of Kimco Realty by 90.5% during 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 during the last quarter. Invesco Ltd. grew its holdings 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 valued at $407,301,000 after buying an additional 2,692,258 shares during the last quarter. Finally, Amundi grew its holdings in shares of Kimco Realty by 70.7% during 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 during the last quarter. 89.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent analyst reports. Raymond James cut their price target 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. Wells Fargo & Company cut their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Scotiabank cut their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Mizuho cut their price target 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 cut their price target 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 investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Stock Performance

KIM traded up $0.14 during trading on Friday, hitting $20.82. The company's stock had a trading volume of 3,218,402 shares, compared to its average volume of 4,443,740. 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 one year low of $17.93 and a one year high of $25.83. The firm has a market cap of $14.08 billion, a PE ratio of 37.18, a P/E/G ratio of 2.78 and a beta of 1.26. The business's 50 day simple moving average is $20.56 and its 200-day simple moving average is $22.41.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business 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 20.17% and a return on equity of 3.82%. The company's quarterly revenue was up 965.3% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, sell-side analysts predict that Kimco Realty Corp will post 1.71 EPS 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 given a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.80%. Kimco Realty's payout ratio is 129.87%.

About Kimco Realty

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.