Aster Capital Management DIFC Ltd lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 438.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,358 shares of the real estate investment trust's stock after buying an additional 41,818 shares during the period. Aster Capital Management DIFC Ltd's holdings in Kimco Realty were worth $1,203,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors lifted its stake in Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 482 shares during the last quarter. Keybank National Association OH lifted its position in Kimco Realty by 4.0% in the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 496 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Kimco Realty by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after purchasing an additional 539 shares during the period. Coldstream Capital Management Inc. grew its position in Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 565 shares during the last quarter. Finally, Pitcairn Co. increased its stake in shares of Kimco Realty by 4.0% in the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after purchasing an additional 567 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.
Analysts Set New Price Targets
KIM has been the subject of several analyst reports. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Citigroup cut their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Mizuho lowered their target price 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. Nine investment 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.75.
Get Our Latest Stock Analysis on Kimco Realty
Kimco Realty Price Performance
Kimco Realty stock traded up $0.21 during mid-day trading on Friday, hitting $19.98. The company's stock had a trading volume of 2,087,751 shares, compared to its average volume of 4,362,341. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock's fifty day moving average price is $21.18 and its two-hundred day moving average price is $22.85. The stock has a market capitalization of $13.58 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.78 and a beta of 1.25. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) 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%. Research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.
Kimco Realty Dividend Announcement
The company also recently disclosed 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 5.01%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio is presently 178.57%.
About Kimco Realty
(
Free Report)
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.
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