Fmr LLC Has $518.73 Million Holdings in Kimco Realty Corp (NYSE:KIM)

FMR LLC boosted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,339,918 shares of the real estate investment trust's stock after purchasing an additional 1,283,352 shares during the period. FMR LLC owned 3.31% of Kimco Realty worth $518,733,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KIM. Swedbank AB lifted its stake in Kimco Realty by 5.3% in the third quarter. Swedbank AB now owns 555,094 shares of the real estate investment trust's stock valued at $12,889,000 after acquiring an additional 28,109 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kimco Realty by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock valued at $220,131,000 after purchasing an additional 405,685 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Kimco Realty in the 3rd quarter valued at $1,303,000. Quest Partners LLC boosted its holdings in Kimco Realty by 415,100.0% in the third quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 4,151 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Kimco Realty by 2.2% during the third quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust's stock worth $6,005,000 after buying an additional 5,624 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

Kimco Realty stock traded down $0.21 on Friday, hitting $25.57. The company's stock had a trading volume of 4,561,083 shares, compared to its average volume of 4,561,608. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The firm has a market cap of $17.24 billion, a P/E ratio of 46.49, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $24.14 and a 200-day moving average price of $22.00.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). The business had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business's revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities analysts anticipate that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.25 dividend. This is a positive change from Kimco Realty's previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 3.91%. Kimco Realty's payout ratio is currently 181.82%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Raymond James raised Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 price target for the company in a research report on Friday, August 16th. Wells Fargo & Company increased their price target on Kimco Realty from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Robert W. Baird boosted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Mizuho lowered shares of Kimco Realty from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $20.00 to $23.00 in a research report on Monday, August 19th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.50.

About Kimco Realty

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.