83,300 Shares in Kimco Realty Corp (NYSE:KIM) Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 83,300 shares of the real estate investment trust's stock, valued at approximately $1,952,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KIM. Farther Finance Advisors LLC increased its position in Kimco Realty by 20.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,283 shares of the real estate investment trust's stock worth $192,000 after buying an additional 1,426 shares during the period. Gulf International Bank UK Ltd grew its stake in shares of Kimco Realty by 8.4% in the third quarter. Gulf International Bank UK Ltd now owns 47,170 shares of the real estate investment trust's stock valued at $1,095,000 after acquiring an additional 3,648 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its position in Kimco Realty by 0.9% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 846,112 shares of the real estate investment trust's stock worth $19,647,000 after acquiring an additional 7,524 shares during the period. Catalytic Wealth RIA LLC acquired a new stake in Kimco Realty in the 3rd quarter worth about $294,000. Finally, Apollon Wealth Management LLC boosted its holdings in Kimco Realty by 18.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 14,887 shares of the real estate investment trust's stock valued at $346,000 after purchasing an additional 2,325 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

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Kimco Realty Price Performance

Shares of NYSE KIM traded up $0.25 during midday trading on Wednesday, reaching $20.87. 5,409,107 shares of the company were exchanged, compared to its average volume of 4,646,832. The stock's 50-day moving average price is $22.14 and its 200-day moving average price is $23.33. The stock has a market cap of $14.18 billion, a P/E ratio of 37.26, a PEG ratio of 2.78 and a beta of 1.53. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. 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 issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, sell-side analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.79%. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.

Analyst Ratings Changes

A number of research firms have recently weighed in on KIM. Mizuho dropped their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. JPMorgan Chase & Co. dropped their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.43.

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.