Bank of New York Mellon Corp Grows Holdings in Kimco Realty Corp (NYSE:KIM)

Bank of New York Mellon Corp grew its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,953,320 shares of the real estate investment trust's stock after purchasing an additional 51,656 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.88% of Kimco Realty worth $139,486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KIM. State Street Corp grew its position in shares of Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. FMR LLC grew its holdings in Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after buying an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Kimco Realty by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock worth $398,468,000 after acquiring an additional 53,378 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kimco Realty by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock worth $220,131,000 after acquiring an additional 405,685 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after acquiring an additional 5,598,091 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Robert W. Baird lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Scotiabank dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday. Finally, Evercore ISI lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.43.

Kimco Realty Price Performance

Shares of NYSE KIM traded down $0.35 on Tuesday, hitting $21.71. The company's stock had a trading volume of 2,488,396 shares, compared to its average volume of 4,346,873. The stock has a 50 day moving average of $22.39 and a 200-day moving average of $23.39. The company has a market capitalization of $14.75 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

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

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's payout ratio is 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.