Global Assets Advisory LLC Buys 528 Shares of Kimco Realty Corp (NYSE:KIM)

Global Assets Advisory LLC boosted its position in Kimco Realty Corp (NYSE:KIM) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 10,363 shares of the real estate investment trust’s stock after acquiring an additional 528 shares during the period. Global Assets Advisory LLC’s holdings in Kimco Realty were worth $238,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Keybank National Association OH increased its position in shares of Kimco Realty by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 496 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 539 shares in the last quarter. Pitcairn Co. grew its position in Kimco Realty by 4.0% during the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 567 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 575 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Kimco Realty by 4.4% in the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 0.7 %

Shares of Kimco Realty stock opened at $20.82 on Friday. The company’s fifty day simple moving average is $20.56 and its two-hundred day simple moving average is $22.43. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month 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 company has a market cap of $14.15 billion, a P/E ratio of 37.18, a PEG ratio of 2.78 and a beta of 1.26.

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

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, June 6th. Kimco Realty’s payout ratio is presently 129.87%.

Analysts Set New Price Targets

KIM has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Citigroup lowered their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Raymond James reduced their price target on Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Monday, May 5th. Finally, Piper Sandler lowered their price objective 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. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.68.

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.