Cibc World Markets Corp Boosts Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Cibc World Markets Corp raised its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 302,477 shares of the real estate investment trust's stock after acquiring an additional 32,855 shares during the period. Cibc World Markets Corp's holdings in Kimco Realty were worth $7,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kimco Realty by 842.3% in the third 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 purchasing an additional 5,598,091 shares in the last quarter. Amundi raised its position in shares of Kimco Realty by 70.7% during the 4th 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. FMR LLC raised its position in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after purchasing an additional 1,283,352 shares in the last quarter. National Pension Service raised its holdings in shares of Kimco Realty by 4,342.8% during the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock valued at $25,264,000 after buying an additional 1,053,992 shares in the last quarter. Finally, State Street Corp raised its stake in shares of 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 worth $1,048,797,000 after acquiring an additional 882,047 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

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Kimco Realty Stock Down 0.6 %

Shares of KIM stock traded down $0.14 during midday trading on Friday, reaching $20.78. 10,869,598 shares of the stock were exchanged, compared to its average volume of 4,084,433. The firm has a market cap of $14.12 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The company's 50 day moving average is $21.86 and its two-hundred day moving average is $23.19. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year 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.

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, hitting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of analyst reports. Evercore ISI decreased their target price on shares of 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. Wells Fargo & Company decreased their price objective on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. 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. Scotiabank decreased their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, Citigroup decreased their target price 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. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

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.