Raymond James Financial Inc. Acquires Shares of 105,751 Kimco Realty Corp (NYSE:KIM)

Raymond James Financial Inc. acquired a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 105,751 shares of the real estate investment trust's stock, valued at approximately $2,478,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quest Partners LLC boosted its stake in shares of Kimco Realty by 415,100.0% during the third quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 4,151 shares during the period. FMR LLC raised its position in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock worth $518,733,000 after acquiring an additional 1,283,352 shares during the period. Brooklyn Investment Group purchased a new position in Kimco Realty in the 3rd quarter valued at about $37,000. BNP Paribas Financial Markets lifted its position in shares of Kimco Realty by 44.0% in the third quarter. BNP Paribas Financial Markets now owns 771,268 shares of the real estate investment trust's stock valued at $17,909,000 after acquiring an additional 235,623 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in Kimco Realty by 22.1% during the 3rd quarter. Townsquare Capital LLC now owns 13,082 shares of the real estate investment trust's stock worth $304,000 after purchasing an additional 2,370 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

KIM has been the topic of a number of recent analyst reports. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Citigroup dropped 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. Scotiabank decreased their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Evercore ISI lowered their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty has an average rating of "Moderate Buy" and a consensus target price of $24.43.

Kimco Realty Price Performance

KIM traded up $0.34 during midday trading on Wednesday, reaching $21.48. 3,703,409 shares of the company's stock were exchanged, compared to its average volume of 4,239,337. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The stock has a market capitalization of $14.60 billion, a PE ratio of 38.36, a P/E/G ratio of 2.78 and a beta of 1.53. The business's 50-day moving average price is $21.69 and its 200 day moving average price is $23.07.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.66%. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.

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.