Charles Schwab Investment Management Inc. Raises Position in Kimco Realty Corp (NYSE:KIM)

Charles Schwab Investment Management Inc. grew its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,581,547 shares of the real estate investment trust's stock after buying an additional 101,293 shares during the period. Charles Schwab Investment Management Inc. owned 1.42% of Kimco Realty worth $224,496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Kimco Realty by 2.0% during 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 during the last quarter. FMR LLC lifted its stake in shares of Kimco Realty by 6.1% during 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 boosted its holdings in 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 buying an additional 53,378 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimco Realty by 842.3% in 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 worth $145,420,000 after buying an additional 5,598,091 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Kimco Realty by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,953,320 shares of the real estate investment trust's stock valued at $139,486,000 after buying an additional 51,656 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Evercore ISI dropped their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and reduced their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, Mizuho cut their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average price target of $24.43.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.16 on Monday, hitting $21.28. 5,442,521 shares of the company traded hands, compared to its average volume of 4,590,522. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market cap of $14.46 billion, a P/E ratio of 37.99, a P/E/G ratio of 2.78 and a beta of 1.53. The firm's 50-day simple moving average is $22.23 and its 200 day simple moving average is $23.36.

Kimco Realty (NYSE:KIM - Get Free Report) last released 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%. Analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.70%. Kimco Realty's payout ratio is 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.