5,597 Shares in Kimco Realty Corp (NYSE:KIM) Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH acquired a new position in shares of Kimco Realty Corp (NYSE:KIM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,597 shares of the real estate investment trust’s stock, valued at approximately $131,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KIM. Asset Management One Co. Ltd. grew its position in Kimco Realty by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock valued at $28,868,000 after acquiring an additional 12,705 shares in the last quarter. B&I Capital AG grew its position in Kimco Realty by 13.9% in the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock valued at $11,945,000 after acquiring an additional 62,100 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Kimco Realty in the 4th quarter valued at about $610,000. Proficio Capital Partners LLC acquired a new position in Kimco Realty in the 4th quarter valued at about $1,045,000. Finally, National Pension Service grew its position in Kimco Realty by 4,342.8% in the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust’s stock valued at $25,264,000 after acquiring an additional 1,053,992 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the subject of several research reports. Wells Fargo & Company dropped their target price on 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. 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. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Mizuho lowered their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.68.

Kimco Realty Price Performance

KIM stock opened at $21.70 on Monday. The business has a 50 day moving average price of $20.57 and a 200 day moving average price of $22.32. The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.78 and a beta of 1.26. 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 quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $536.62 million during the quarter, compared to analysts’ expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm’s revenue was up 965.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities research analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty’s payout ratio is 129.87%.

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.