Mercer Global Advisors Inc. ADV Has $2.20 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 248.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,802 shares of the real estate investment trust's stock after acquiring an additional 66,918 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Kimco Realty were worth $2,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KIM. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty during the fourth quarter worth approximately $26,000. Brown Brothers Harriman & Co. lifted its stake in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 575 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the 3rd quarter worth about $31,000. Headlands Technologies LLC acquired a new stake in Kimco Realty in the 4th quarter valued at about $45,000. Finally, Catalyst Capital Advisors LLC boosted 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 buying an additional 1,104 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KIM shares. Raymond James cut their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. Citigroup cut their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Piper Sandler cut their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, Scotiabank cut their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus target price of $24.68.

Kimco Realty Stock Performance

KIM traded up $0.67 during trading hours on Monday, hitting $21.49. The company's stock had a trading volume of 1,724,815 shares, compared to its average volume of 4,433,119. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two 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. The firm has a market capitalization of $14.53 billion, a PE ratio of 38.37, a PEG ratio of 2.78 and a beta of 1.26. The company has a 50-day simple moving average of $20.56 and a 200 day simple moving average of $22.41.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $520.68 million. During the same period last year, the firm earned $0.39 EPS. The firm's revenue for the quarter was up 965.3% on a year-over-year basis. As a group, sell-side analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.65%. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

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.