AllSquare Wealth Management LLC raised its position in shares of Kimco Realty Corp (NYSE:KIM) by 39.1% in the first quarter, HoldingsChannel.com reports. The firm owned 3,200 shares of the real estate investment trust’s stock after buying an additional 900 shares during the quarter. AllSquare Wealth Management LLC’s holdings in Kimco Realty were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its holdings in Kimco Realty by 3.3% in the 1st quarter. New York State Teachers Retirement System now owns 684,514 shares of the real estate investment trust’s stock worth $12,664,000 after purchasing an additional 21,800 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Kimco Realty by 93.0% in the 1st quarter. Teacher Retirement System of Texas now owns 1,178,679 shares of the real estate investment trust’s stock worth $21,806,000 after purchasing an additional 567,891 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Kimco Realty by 47.5% in the 1st quarter. Toronto Dominion Bank now owns 397,716 shares of the real estate investment trust’s stock worth $7,356,000 after purchasing an additional 128,090 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in Kimco Realty by 0.7% in the 1st quarter. State Treasurer State of Michigan now owns 121,438 shares of the real estate investment trust’s stock worth $2,247,000 after purchasing an additional 800 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Kimco Realty by 8.5% in the 1st quarter. Cetera Investment Advisers now owns 11,948 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 87.13% of the company’s stock.

A number of research firms recently commented on KIM. Zacks Investment Research cut Kimco Realty from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Evercore ISI cut Kimco Realty from an “in-line” rating to an “underperform” rating in a report on Monday, April 1st. They noted that the move was a valuation call. Finally, ValuEngine raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.75.

In other news, Director Richard B. Saltzman sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $18.39, for a total transaction of $101,145.00. Following the sale, the director now directly owns 81,335 shares of the company’s stock, valued at approximately $1,495,750.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Jamieson sold 16,435 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $18.33, for a total value of $301,253.55. Following the sale, the chief operating officer now directly owns 94,211 shares in the company, valued at $1,726,887.63. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

NYSE KIM opened at $18.11 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.96 and a current ratio of 1.96. Kimco Realty Corp has a 12 month low of $13.94 and a 12 month high of $18.64. The company has a market capitalization of $7.71 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.07 and a beta of 0.61.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). The firm had revenue of $295.00 million for the quarter, compared to analysts’ expectations of $282.49 million. Kimco Realty had a return on equity of 8.37% and a net margin of 39.40%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. As a group, equities analysts forecast that Kimco Realty Corp will post 1.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, July 1st. This represents a $1.12 annualized dividend and a dividend yield of 6.18%. Kimco Realty’s dividend payout ratio (DPR) is 77.24%.

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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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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