Generali Asset Management SPA SGR Takes $610,000 Position in Kimco Realty Corp (NYSE:KIM)

Generali Asset Management SPA SGR acquired a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,021 shares of the real estate investment trust's stock, valued at approximately $610,000.

A number of other hedge funds have also recently modified their holdings of KIM. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty in the third quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty in the 3rd quarter valued at $37,000. Quarry LP acquired a new position in shares of Kimco Realty in the 3rd quarter valued at $51,000. Catalyst Capital Advisors LLC boosted its holdings in Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after buying an additional 1,104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Kimco Realty during the fourth quarter valued at $77,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Scotiabank dropped their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho dropped their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Evercore ISI reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average target price of $24.50.

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Kimco Realty Price Performance

KIM traded down $0.14 during trading on Tuesday, reaching $21.19. The company's stock had a trading volume of 4,666,617 shares, compared to its average volume of 4,075,333. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $21.85 and a two-hundred day simple moving average of $23.18. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.78 and a beta of 1.53. 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 released its quarterly earnings data 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, analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.

Kimco Realty 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.