Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $8.38 Million Position in Kimco Realty Corp (NYSE:KIM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 36.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 357,617 shares of the real estate investment trust’s stock after buying an additional 95,638 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Kimco Realty were worth $8,379,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Kimco Realty during the third quarter valued at approximately $302,000. Thrivent Financial for Lutherans raised its position in Kimco Realty by 2.2% during the third quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust’s stock valued at $6,005,000 after acquiring an additional 5,624 shares in the last quarter. Quest Partners LLC raised its position in Kimco Realty by 415,100.0% during the third quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 4,151 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Kimco Realty during the third quarter valued at approximately $1,303,000. Finally, Charles Schwab Investment Management Inc. raised its position in Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after acquiring an additional 405,685 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 0.6 %

Shares of KIM stock opened at $20.78 on Friday. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm’s fifty day simple moving average is $21.86 and its 200 day simple moving average is $23.19. The firm has a market capitalization of $14.12 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, sell-side analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.81%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Analyst Ratings Changes

Several brokerages recently weighed in on KIM. Evercore ISI cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. dropped their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Citigroup dropped their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Wells Fargo & Company dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Scotiabank dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

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.