Forsta AP Fonden Increases Stock Position in Kimco Realty Corp (NYSE:KIM)

Forsta AP Fonden grew its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 93.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,200 shares of the real estate investment trust's stock after purchasing an additional 138,700 shares during the quarter. Forsta AP Fonden's holdings in Kimco Realty were worth $6,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KIM. Captrust Financial Advisors increased its holdings in Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 482 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Kimco Realty by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock valued at $544,000 after acquiring an additional 565 shares during the period. CWM LLC increased its stake in shares of Kimco Realty by 4.7% in the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust's stock worth $309,000 after purchasing an additional 595 shares in the last quarter. Truist Financial Corp raised its holdings in Kimco Realty by 2.0% in the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust's stock worth $724,000 after purchasing an additional 746 shares during the period. Finally, Signaturefd LLC lifted its position in Kimco Realty by 10.2% during the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust's stock valued at $196,000 after purchasing an additional 783 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

KIM has been the subject of a number of analyst reports. Scotiabank upped their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. UBS Group upped their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Mizuho boosted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Robert W. Baird raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus target price of $24.97.

Kimco Realty Trading Down 1.0 %

NYSE:KIM traded down $0.22 during midday trading on Friday, hitting $22.46. 11,742,961 shares of the company traded hands, compared to its average volume of 3,842,177. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm's fifty day moving average is $23.55 and its 200-day moving average is $23.32. The firm has a market capitalization of $15.14 billion, a P/E ratio of 40.83, a P/E/G ratio of 2.90 and a beta of 1.51. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83.

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

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.