Geode Capital Management LLC Purchases 377,074 Shares of Kimco Realty Corp (NYSE:KIM)

Geode Capital Management LLC increased its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,592,283 shares of the real estate investment trust's stock after purchasing an additional 377,074 shares during the period. Geode Capital Management LLC owned approximately 2.61% of Kimco Realty worth $411,179,000 as of its most recent filing with the SEC.

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

Kimco Realty Price Performance

KIM traded down $0.77 during midday trading on Thursday, hitting $19.39. The stock had a trading volume of 2,252,664 shares, compared to its average volume of 5,142,846. The company has a market cap of $13.18 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. The business has a fifty day moving average of $21.23 and a 200 day moving average of $22.87. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

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Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (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%. As a group, equities analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 5.16%. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KIM. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Scotiabank lowered their target price on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. 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 report on Wednesday, March 26th. Mizuho decreased their target price 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. Finally, Evercore ISI dropped their price objective on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.75.

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.