FIL Ltd Increases Position in Kimco Realty Corp (NYSE:KIM)

FIL Ltd grew its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 1,241.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,681 shares of the real estate investment trust's stock after buying an additional 42,276 shares during the quarter. FIL Ltd's holdings in Kimco Realty were worth $1,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KIM. FMR LLC grew its stake in shares of Kimco Realty by 7.9% during the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after purchasing an additional 1,755,684 shares during the period. Geode Capital Management LLC raised its position in shares of 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 worth $411,179,000 after acquiring an additional 377,074 shares during the period. Invesco Ltd. boosted its stake in shares of Kimco Realty by 18.3% during the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after acquiring an additional 2,692,258 shares in the last quarter. Norges Bank purchased a new position in shares of Kimco Realty in the 4th quarter valued at about $363,436,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Kimco Realty by 1.1% during the fourth 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 purchasing an additional 101,293 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

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Kimco Realty Trading Up 0.1 %

Shares of KIM traded up $0.02 during trading on Tuesday, reaching $20.31. 3,907,480 shares of the company traded hands, compared to its average volume of 4,370,353. The stock has a 50-day simple moving average of $21.09 and a 200-day simple moving average of $22.81. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market cap of $13.80 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

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 (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%. On average, analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.92%. Kimco Realty's dividend payout ratio is presently 178.57%.

Wall Street Analyst Weigh In

KIM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on shares of 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. Mizuho cut their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Scotiabank lowered 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 lowered 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. Nine 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.