Kimco Realty Corp (NYSE:KIM) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,887 shares of the real estate investment trust's stock after purchasing an additional 25,687 shares during the period. Gamco Investors INC. ET AL's holdings in Kimco Realty were worth $1,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Securities Group LLC bought a new stake in shares of Kimco Realty in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty in the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. raised its stake in shares of Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 575 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Kimco Realty during the 4th quarter worth approximately $45,000. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,104 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and cut their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday. Citigroup dropped their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Wells Fargo & Company dropped their price target on 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. Finally, Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kimco Realty has an average rating of "Moderate Buy" and a consensus target price of $24.68.

Kimco Realty Stock Performance

Shares of KIM traded up $0.03 during mid-day trading on Thursday, hitting $20.54. 2,243,571 shares of the company's stock were exchanged, compared to its average volume of 4,368,164. The firm has a market capitalization of $13.95 billion, a P/E ratio of 36.67, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The business's 50 day moving average is $20.83 and its two-hundred day moving average is $22.68. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, equities analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.

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.