Qtron Investments LLC bought a new stake in Kimco Realty Corp (NYSE:KIM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,141 shares of the real estate investment trust’s stock, valued at approximately $299,000.
Several other institutional investors also recently modified their holdings of KIM. BlackRock Inc. raised its position in Kimco Realty by 1.2% during the 4th quarter. BlackRock Inc. now owns 40,770,079 shares of the real estate investment trust’s stock worth $597,281,000 after buying an additional 482,878 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Kimco Realty by 17.0% in the 4th quarter. Bank of New York Mellon Corp now owns 18,850,346 shares of the real estate investment trust’s stock valued at $276,157,000 after purchasing an additional 2,739,388 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Kimco Realty by 2.1% in the 1st quarter. Northern Trust Corp now owns 8,484,136 shares of the real estate investment trust’s stock valued at $156,956,000 after purchasing an additional 171,251 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kimco Realty by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 7,138,547 shares of the real estate investment trust’s stock valued at $104,438,000 after purchasing an additional 534,503 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Kimco Realty by 468.0% in the 4th quarter. Deutsche Bank AG now owns 5,837,415 shares of the real estate investment trust’s stock valued at $85,510,000 after purchasing an additional 4,809,739 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.
KIM has been the subject of a number of research analyst reports. Evercore ISI downgraded shares of 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. Zacks Investment Research downgraded shares of Kimco Realty from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Raymond James downgraded shares of Kimco Realty from an “outperform” rating to a “market perform” rating and set a $18.17 target price for the company. in a report on Tuesday, May 28th. Finally, Bank of America upgraded shares of 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.36.
Shares of KIM traded up $0.08 during mid-day trading on Friday, hitting $18.48. The company had a trading volume of 4,924,145 shares, compared to its average volume of 3,600,509. The business has a 50-day moving average of $18.28. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.92. Kimco Realty Corp has a 1-year low of $14.29 and a 1-year high of $19.29. The company has a market cap of $7.77 billion, a PE ratio of 12.74, a PEG ratio of 3.02 and a beta of 0.57.
Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). Kimco Realty had a return on equity of 8.37% and a net margin of 39.40%. The company had revenue of $295.00 million during the quarter, compared to analyst estimates of $282.49 million. During the same period in the prior year, the business posted $0.39 earnings per share. Kimco Realty’s revenue was down 3.0% on a year-over-year basis. Research analysts forecast that Kimco Realty Corp will post 1.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given 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 (DPR) is 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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