Kentucky Retirement Systems Acquires New Position in Kimco Realty Corporation $KIM

Kentucky Retirement Systems acquired a new position in shares of Kimco Realty Corporation (NYSE:KIM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,825 shares of the real estate investment trust’s stock, valued at approximately $760,000.

A number of other institutional investors also recently bought and sold shares of KIM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kimco Realty by 59.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock valued at $13,593,000 after acquiring an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Kimco Realty in the first quarter worth approximately $61,000. Quantbot Technologies LP purchased a new position in Kimco Realty in the second quarter worth approximately $331,000. Finally, EverSource Wealth Advisors LLC increased its stake in Kimco Realty by 30.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 1,170 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 0.1%

Shares of KIM stock opened at $25.48 on Friday. Kimco Realty Corporation has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The company has a 50 day moving average price of $25.14 and a 200 day moving average price of $23.54. The stock has a market capitalization of $17.18 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.81 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.78 and a current ratio of 3.78.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. Equities research analysts predict that Kimco Realty Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KIM. UBS Group upped their price target on Kimco Realty from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Barclays upped their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Stifel Nicolaus set a $28.00 price target on shares of Kimco Realty in a research report on Thursday, June 11th. Wolfe Research raised shares of Kimco Realty from a “peer perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research note on Monday, June 22nd. Finally, Evercore set a $25.00 price objective on shares of Kimco Realty in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.12.

Kimco Realty Company Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.