Kimco Realty Corporation (NYSE:KIM) Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Kimco Realty Corporation (NYSE:KIM) by 6.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 384,840 shares of the real estate investment trust’s stock after purchasing an additional 24,000 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Kimco Realty worth $8,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Kimco Realty during the 4th quarter valued at approximately $26,000. Brown Brothers Harriman & Co. grew its stake in Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 575 shares during the period. Golden State Wealth Management LLC lifted its position in Kimco Realty by 177.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 911 shares in the last quarter. WASHINGTON TRUST Co acquired a new position in shares of Kimco Realty during the 1st quarter worth about $34,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $45,000. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the subject of several research reports. Piper Sandler dropped their target price on Kimco Realty from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Wells Fargo & Company cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Barclays initiated coverage on Kimco Realty in a research report on Wednesday, July 2nd. They issued an “overweight” rating and a $25.00 target price for the company. Wall Street Zen cut Kimco Realty from a “hold” rating to a “sell” rating in a research note on Saturday, July 5th. Finally, Scotiabank decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.70.

Kimco Realty Stock Up 0.0%

Kimco Realty stock opened at $21.67 on Friday. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $21.15 and a 200 day simple moving average of $21.28. The company has a market cap of $14.66 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.59 and a beta of 1.24.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Kimco Realty had a net margin of 26.79% and a return on equity of 5.17%. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 965.3% on a year-over-year basis. Research analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.61%. Kimco Realty’s dividend payout ratio is currently 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.