CANADA LIFE ASSURANCE Co raised its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,098,338 shares of the real estate investment trust's stock after buying an additional 45,328 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.16% of Kimco Realty worth $25,727,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock valued at $564,560,000 after acquiring an additional 1,755,684 shares in the last quarter. Geode Capital Management LLC raised 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 purchasing an additional 377,074 shares in the last quarter. Invesco Ltd. lifted its position in Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after purchasing an additional 2,692,258 shares during the last quarter. Norges Bank purchased a new position in Kimco Realty in the 4th quarter worth approximately $363,436,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kimco Realty by 1.1% in 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 during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.
Kimco Realty Stock Performance
NYSE KIM traded down $0.07 during trading hours on Thursday, hitting $20.44. 7,448,960 shares of the company's stock traded hands, compared to its average volume of 4,387,459. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The firm has a market capitalization of $13.89 billion, a P/E ratio of 36.50, a P/E/G ratio of 2.78 and a beta of 1.25. The business's fifty day moving average price is $20.83 and its two-hundred day moving average price is $22.68.
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 for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Equities research analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.
Kimco Realty Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Scotiabank reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Citigroup decreased their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Nine investment 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. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus price target of $24.68.
Read Our Latest Analysis on Kimco Realty
Kimco Realty Company Profile
(
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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