Achmea Investment Management B.V. Increases Stock Position in Kimco Realty Corporation (NYSE:KIM)

Achmea Investment Management B.V. lifted its holdings in shares of Kimco Realty Corporation (NYSE:KIM) by 41.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,342 shares of the real estate investment trust’s stock after purchasing an additional 75,606 shares during the period. Achmea Investment Management B.V.’s holdings in Kimco Realty were worth $5,508,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Summit Securities Group LLC acquired a new stake in Kimco Realty during the 4th quarter valued at $26,000. Golden State Wealth Management LLC lifted its position in shares of Kimco Realty by 177.6% in the first 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. Brown Brothers Harriman & Co. lifted its position in shares of 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kimco Realty during the fourth quarter valued at $45,000. Finally, Sentry Investment Management LLC purchased a new stake in Kimco Realty during the 1st quarter worth about $45,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Price Performance

KIM stock opened at $20.94 on Friday. The company has a market cap of $14.16 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. 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 stock has a 50-day moving average price of $20.89 and a two-hundred day moving average price of $21.55. Kimco Realty Corporation has a 12-month low of $17.93 and a 12-month high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a return on equity of 5.17% and a net margin of 26.79%. The company’s revenue was up 965.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, research analysts predict that Kimco Realty Corporation will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. Kimco Realty’s dividend payout ratio (DPR) is 129.87%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Scotiabank cut 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. Raymond James Financial reduced their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Wall Street Zen upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Citigroup reduced their price target on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target 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.