Aviva PLC Has $9.50 Million Stake in Kimco Realty Corp (NYSE:KIM)

Aviva PLC boosted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 1,532.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 405,418 shares of the real estate investment trust's stock after buying an additional 380,584 shares during the period. Aviva PLC owned approximately 0.06% of Kimco Realty worth $9,499,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Kimco Realty by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock valued at $411,179,000 after acquiring an additional 377,074 shares during the last quarter. Norges Bank bought a new position in shares of Kimco Realty in the 4th quarter valued at $363,436,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Kimco Realty by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock worth $224,496,000 after buying an additional 101,293 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Kimco Realty by 5.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,949,070 shares of the real estate investment trust's stock worth $186,247,000 after buying an additional 414,155 shares during the last quarter. Finally, Amundi boosted its stake in Kimco Realty by 70.7% in the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after buying an additional 2,484,536 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Citigroup dropped their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Jefferies Financial Group cut shares of 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 note on Thursday, January 2nd. Scotiabank decreased their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Finally, Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.75.

Kimco Realty Stock Up 0.8 %

NYSE:KIM traded up $0.16 during trading hours on Monday, reaching $20.29. The company had a trading volume of 859,916 shares, compared to its average volume of 4,356,531. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. 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 market cap of $13.79 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 2.78 and a beta of 1.25. The business's 50-day simple moving average is $21.14 and its two-hundred day simple moving average is $22.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, equities analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.93%. Kimco Realty's dividend payout ratio (DPR) is presently 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.