Meitav Dash Investments Ltd. raised its stake in shares of Kimco Realty Corp (NYSE:KIM) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the real estate investment trust’s stock after purchasing an additional 9,150 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Kimco Realty were worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. increased its stake in shares of Kimco Realty by 8.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 178,893 shares of the real estate investment trust’s stock worth $2,683,000 after acquiring an additional 13,305 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Kimco Realty by 18.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 45,763 shares of the real estate investment trust’s stock valued at $670,000 after acquiring an additional 7,183 shares during the period. SG Americas Securities LLC boosted its holdings in Kimco Realty by 24.3% during the 4th quarter. SG Americas Securities LLC now owns 212,743 shares of the real estate investment trust’s stock valued at $3,117,000 after acquiring an additional 41,611 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Kimco Realty by 0.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 635,967 shares of the real estate investment trust’s stock valued at $9,317,000 after acquiring an additional 2,793 shares during the period. Finally, Dupont Capital Management Corp boosted its holdings in Kimco Realty by 283.5% during the 4th quarter. Dupont Capital Management Corp now owns 233,394 shares of the real estate investment trust’s stock valued at $3,419,000 after acquiring an additional 172,535 shares during the period. 89.65% of the stock is currently owned by institutional investors.
A number of equities analysts recently commented on KIM shares. Evercore ISI cut Kimco Realty from an “in-line” rating to an “underperform” rating in a report on Monday, April 1st. They noted that the move was a valuation call. Bank of America upgraded Kimco Realty from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $21.00 in a report on Tuesday, June 11th. Zacks Investment Research lowered Kimco Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Raymond James lowered Kimco Realty from an “outperform” rating to a “market perform” rating and set a $18.17 price target on the stock. in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Kimco Realty has a consensus rating of “Hold” and an average price target of $18.36.
Shares of KIM stock traded up $0.08 on Friday, hitting $18.48. The stock had a trading volume of 4,814,223 shares, compared to its average volume of 3,772,424. The company has a fifty day simple moving average of $18.28. Kimco Realty Corp has a twelve month low of $14.29 and a twelve month high of $19.29. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 2.98 and a beta of 0.57.
Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). The company had revenue of $295.00 million during the quarter, compared to the consensus estimate of $282.49 million. Kimco Realty had a return on equity of 8.37% and a net margin of 39.40%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. Research analysts expect that Kimco Realty Corp will post 1.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Monday, July 1st. This represents a $1.12 dividend on an annualized basis and a yield of 6.06%. Kimco Realty’s dividend payout ratio is currently 77.24%.
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.
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