FMR LLC boosted its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,095,602 shares of the real estate investment trust's stock after acquiring an additional 1,755,684 shares during the quarter. FMR LLC owned 3.57% of Kimco Realty worth $564,560,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in KIM. Unigestion Holding SA lifted its position in shares of Kimco Realty by 20.4% during the 4th quarter. Unigestion Holding SA now owns 34,632 shares of the real estate investment trust's stock worth $811,000 after purchasing an additional 5,871 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Kimco Realty by 438.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 51,358 shares of the real estate investment trust's stock worth $1,203,000 after buying an additional 41,818 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Kimco Realty by 90.5% during the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock worth $170,535,000 after acquiring an additional 3,457,435 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of Kimco Realty in the 4th quarter valued at about $1,980,000. Finally, Russell Investments Group Ltd. raised its position in shares of Kimco Realty by 8.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,120,053 shares of the real estate investment trust's stock worth $73,102,000 after acquiring an additional 234,855 shares in 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 up $0.26 during trading hours on Monday, reaching $20.39. 1,063,015 shares of the stock were exchanged, compared to its average volume of 4,357,247. The stock has a market cap of $13.85 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.78 and a beta of 1.25. The firm's 50 day moving average is $21.14 and its 200 day moving average is $22.83. 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 52-week low of $17.57 and a 52-week high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is presently 178.57%.
Analyst Upgrades and Downgrades
Several equities analysts have commented 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 note on Tuesday, February 25th. Scotiabank dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of 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 $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Citigroup reduced their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.75.
Check Out Our Latest Analysis on Kimco Realty
Kimco Realty Company Profile
(
Free Report)
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.
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