Fox Run Management L.L.C. Purchases Shares of 36,425 Kimco Realty Corp (NYSE:KIM)

Fox Run Management L.L.C. purchased a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 36,425 shares of the real estate investment trust's stock, valued at approximately $853,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after purchasing an additional 882,047 shares during the period. FMR LLC raised its holdings in Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after acquiring an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock valued at $398,468,000 after acquiring an additional 53,378 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimco Realty by 1.1% during the 4th 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kimco Realty by 842.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock worth $145,420,000 after purchasing an additional 5,598,091 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KIM. Mizuho cut their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Evercore ISI dropped their price objective on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company lowered their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup lowered their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.43.

Kimco Realty Trading Down 0.4 %

NYSE KIM traded down $0.08 during mid-day trading on Friday, reaching $20.94. 2,520,349 shares of the stock were exchanged, compared to its average volume of 4,252,876. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock has a market cap of $14.23 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.78 and a beta of 1.53. The stock has a 50 day simple moving average of $21.76 and a 200-day simple moving average of $23.12. Kimco Realty Corp has a one year low of $17.57 and a one year 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, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.

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.