abrdn plc Grows Holdings in Kimco Realty Corp (NYSE:KIM)

abrdn plc raised its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,490,897 shares of the real estate investment trust's stock after acquiring an additional 174,631 shares during the quarter. abrdn plc owned approximately 0.22% of Kimco Realty worth $34,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new position in Kimco Realty during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty during the 3rd quarter valued at $31,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty during the 3rd quarter valued at $37,000. Quarry LP purchased a new position in shares of Kimco Realty during the 3rd quarter valued at $51,000. Finally, Castleview Partners LLC bought a new position in Kimco Realty in the 3rd quarter worth $77,000. Institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on KIM. Robert W. Baird raised their price target on Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Evercore ISI decreased their target price on 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. JPMorgan Chase & Co. downgraded Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target for the company. in a research note on Friday, December 20th. Mizuho increased their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Ten research 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 stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average target price of $24.97.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.04 during trading hours on Friday, reaching $22.37. The company's stock had a trading volume of 8,061,266 shares, compared to its average volume of 4,318,381. The firm has a 50 day moving average price of $23.22 and a 200-day moving average price of $23.34. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market cap of $15.08 billion, a P/E ratio of 40.68, a P/E/G ratio of 2.92 and a beta of 1.50. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

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

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.47%. The ex-dividend date is Friday, March 7th. Kimco Realty's payout ratio is 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.