Federated Hermes Inc. Has $170.54 Million Position in Kimco Realty Corp (NYSE:KIM)

Federated Hermes Inc. lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 90.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,278,480 shares of the real estate investment trust's stock after purchasing an additional 3,457,435 shares during the period. Federated Hermes Inc. owned 1.08% of Kimco Realty worth $170,535,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KIM. Ilmarinen Mutual Pension Insurance Co bought a new stake in Kimco Realty during the 4th quarter worth about $1,980,000. Russell Investments Group Ltd. increased its holdings in shares of Kimco Realty by 8.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,120,053 shares of the real estate investment trust's stock valued at $73,102,000 after purchasing an additional 234,855 shares in the last quarter. Aviva PLC raised its position in Kimco Realty by 1,532.5% in the 4th quarter. Aviva PLC now owns 405,418 shares of the real estate investment trust's stock worth $9,499,000 after purchasing an additional 380,584 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Kimco Realty during the 4th quarter worth $8,706,000. Finally, Landscape Capital Management L.L.C. boosted its position in Kimco Realty by 123.9% in the 4th quarter. Landscape Capital Management L.L.C. now owns 85,191 shares of the real estate investment trust's stock valued at $1,996,000 after buying an additional 47,146 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Up 1.1 %

NYSE KIM traded up $0.21 during trading hours on Friday, reaching $19.98. 2,087,751 shares of the company's stock were exchanged, compared to its average volume of 4,362,341. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The company's 50-day moving average is $21.18 and its two-hundred day moving average is $22.85. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

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Kimco Realty (NYSE:KIM - Get Free Report) last announced 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, analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is presently 178.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Mizuho cut their target price 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. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Citigroup reduced their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Scotiabank dropped their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Nine 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.75.

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.