Edgestream Partners L.P. Purchases 198,587 Shares of Kimco Realty Corp (NYSE:KIM)

Edgestream Partners L.P. raised its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 155.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 326,082 shares of the real estate investment trust's stock after purchasing an additional 198,587 shares during the period. Edgestream Partners L.P.'s holdings in Kimco Realty were worth $7,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kimco Realty by 842.3% during 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 worth $145,420,000 after purchasing an additional 5,598,091 shares during the period. FMR LLC increased its stake in 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 purchasing an additional 1,283,352 shares in the last quarter. National Pension Service raised its holdings in Kimco Realty by 4,342.8% during the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock worth $25,264,000 after buying an additional 1,053,992 shares during the last quarter. State Street Corp lifted its stake 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 buying an additional 882,047 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Kimco Realty during the third quarter valued at about $17,636,000. Institutional investors own 89.25% of the company's stock.

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Kimco Realty Stock Performance

Shares of NYSE KIM traded down $0.62 during mid-day trading on Tuesday, hitting $20.66. The company had a trading volume of 6,417,497 shares, compared to its average volume of 4,630,261. 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 1 year low of $17.57 and a 1 year high of $25.83. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.78 and a beta of 1.53. The stock's 50-day moving average price is $22.19 and its 200-day moving average price is $23.35.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.84%. Kimco Realty's payout ratio is 178.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KIM shares. Mizuho dropped their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Evercore ISI cut 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. lowered their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.43.

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.