Mezzasalma Advisors LLC Takes $263,000 Position in Kimco Realty Corp (NYSE:KIM)

Mezzasalma Advisors LLC bought a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,209 shares of the real estate investment trust's stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Generate Investment Management Ltd increased its position in Kimco Realty by 20.3% during the fourth quarter. Generate Investment Management Ltd now owns 678,680 shares of the real estate investment trust's stock worth $15,901,000 after acquiring an additional 114,436 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Kimco Realty by 4.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 205,412 shares of the real estate investment trust's stock worth $4,813,000 after acquiring an additional 8,750 shares during the period. State of Alaska Department of Revenue increased its position in Kimco Realty by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 394,648 shares of the real estate investment trust's stock worth $9,245,000 after acquiring an additional 2,368 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kimco Realty by 11.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,473 shares of the real estate investment trust's stock worth $2,322,000 after buying an additional 10,103 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Kimco Realty by 0.8% during the fourth quarter. Retirement Systems of Alabama now owns 535,795 shares of the real estate investment trust's stock worth $12,554,000 after buying an additional 3,999 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent research reports. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target on the stock. in a research note on Friday, December 20th. Evercore ISI decreased their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. UBS Group lifted their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Scotiabank lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.97.

Kimco Realty Price Performance

NYSE KIM traded down $0.09 on Wednesday, hitting $22.29. 4,034,838 shares of the company were exchanged, compared to its average volume of 4,558,387. The firm has a 50 day moving average of $23.10 and a two-hundred day moving average of $23.39. The company has a market cap of $15.03 billion, a P/E ratio of 40.53, a P/E/G ratio of 2.92 and a beta of 1.50. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. On average, equities analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.49%. Kimco Realty's dividend payout ratio (DPR) is 181.82%.

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.