Asset Management One Co. Ltd. Buys 12,705 Shares of Kimco Realty Corp (NYSE:KIM)

Asset Management One Co. Ltd. raised its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,235,249 shares of the real estate investment trust's stock after acquiring an additional 12,705 shares during the period. Asset Management One Co. Ltd. owned approximately 0.18% of Kimco Realty worth $28,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of KIM. Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $37,000. Quarry LP purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $51,000. Finally, Castleview Partners LLC purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $77,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KIM has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday. Mizuho increased their price target on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Robert W. Baird increased 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. Wells Fargo & Company decreased their price target on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Finally, Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.83.

Kimco Realty Stock Down 1.1 %

Shares of Kimco Realty stock traded down $0.24 during trading on Tuesday, hitting $21.57. 1,608,528 shares of the stock traded hands, compared to its average volume of 4,468,980. The firm has a market cap of $14.54 billion, a P/E ratio of 39.17, a price-to-earnings-growth 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 52-week low of $17.57 and a 52-week high of $25.83. The stock's fifty day simple moving average is $22.85 and its 200 day simple moving average is $23.39.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting 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, equities analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid 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 dividend yield of 4.64%. Kimco Realty's dividend payout ratio is currently 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.