Cbre Clarion Securities LLC raised its stake in shares of Kimco Realty Corp (NYSE:KIM) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 392,800 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the period. Cbre Clarion Securities LLC owned 0.09% of Kimco Realty worth $7,365,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Atlas Capital Advisors LLC purchased a new position in shares of Kimco Realty in the first quarter worth about $34,000. Vantage Consulting Group Inc acquired a new stake in shares of Kimco Realty during the fourth quarter valued at about $32,000. Montag A & Associates Inc. acquired a new stake in shares of Kimco Realty during the fourth quarter valued at about $42,000. Laffer Tengler Investments acquired a new position in shares of Kimco Realty in the fourth quarter valued at approximately $50,000. Finally, Winslow Evans & Crocker Inc. acquired a new position in shares of Kimco Realty in the fourth quarter valued at approximately $65,000. 90.71% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on KIM. Robert W. Baird restated an “outperform” rating on shares of Kimco Realty in a report on Monday, April 19th. Truist lifted their price objective on shares of Kimco Realty from $18.00 to $20.00 in a report on Friday, March 5th. UBS Group began coverage on shares of Kimco Realty in a research note on Thursday, June 3rd. They issued a “buy” rating and a $25.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimco Realty from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, BTIG Research reiterated a “hold” rating on shares of Kimco Realty in a research note on Friday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.57.
Shares of NYSE:KIM traded up $0.02 during trading on Friday, hitting $22.00. 79,299 shares of the company were exchanged, compared to its average volume of 5,074,180. The stock has a market capitalization of $9.54 billion, a PE ratio of 9.31, a P/E/G ratio of 2.73 and a beta of 1.53. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.93. Kimco Realty Corp has a 12-month low of $10.03 and a 12-month high of $22.31. The company has a 50 day moving average of $20.67.
Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, April 29th. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. Kimco Realty had a net margin of 99.83% and a return on equity of 18.60%. As a group, analysts forecast that Kimco Realty Corp will post 1.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 23rd. Stockholders of record on Wednesday, June 9th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, June 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.09%. Kimco Realty’s payout ratio is 58.12%.
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.
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