Fox Run Management L.L.C. Sells 5,531 Shares of Kimco Realty Corporation (NYSE:KIM)

Fox Run Management L.L.C. trimmed its holdings in Kimco Realty Corporation (NYSE:KIM) by 15.2% in the 1st quarter, Holdings Channel reports. The fund owned 30,894 shares of the real estate investment trust’s stock after selling 5,531 shares during the quarter. Fox Run Management L.L.C.’s holdings in Kimco Realty were worth $656,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Kovitz Investment Group Partners LLC boosted its holdings in shares of Kimco Realty by 341.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 256,191 shares of the real estate investment trust’s stock valued at $5,442,000 after acquiring an additional 198,104 shares during the last quarter. Boston Partners boosted its holdings in shares of Kimco Realty by 19.3% in the first quarter. Boston Partners now owns 662,188 shares of the real estate investment trust’s stock worth $14,062,000 after buying an additional 107,324 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Kimco Realty by 5.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,472 shares of the real estate investment trust’s stock valued at $541,000 after purchasing an additional 1,289 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Kimco Realty during the first quarter valued at approximately $38,000. Finally, Russell Investments Group Ltd. lifted its holdings in Kimco Realty by 8.3% during the first quarter. Russell Investments Group Ltd. now owns 3,380,512 shares of the real estate investment trust’s stock valued at $71,801,000 after purchasing an additional 260,459 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on KIM shares. Raymond James Financial lowered their target price on shares of Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a report on Monday, May 5th. Barclays began coverage on shares of Kimco Realty in a research report on Wednesday, July 2nd. They issued an “overweight” rating and a $25.00 price target on the stock. Wall Street Zen upgraded shares of Kimco Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Piper Sandler reduced their price target on shares of Kimco Realty from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Finally, Scotiabank reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.57.

Kimco Realty Trading Up 0.2%

KIM stock opened at $21.20 on Friday. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. Kimco Realty Corporation has a twelve month low of $17.93 and a twelve month high of $25.83. The stock has a market capitalization of $14.36 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. The firm’s fifty day simple moving average is $21.29 and its two-hundred day simple moving average is $21.13.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $525.18 million for the quarter, compared to analysts’ expectations of $524.75 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.58%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 5th. Kimco Realty’s payout ratio is currently 120.48%.

About Kimco Realty

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.