Invesco Ltd. boosted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,383,750 shares of the real estate investment trust's stock after purchasing an additional 2,692,258 shares during the quarter. Invesco Ltd. owned about 2.58% of Kimco Realty worth $407,301,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can lifted its position in shares of Kimco Realty by 1.9% during the 4th quarter. Bank of Montreal Can now owns 673,139 shares of the real estate investment trust's stock valued at $15,772,000 after acquiring an additional 12,361 shares during the period. Polymer Capital Management US LLC bought a new stake in Kimco Realty during the 4th quarter worth approximately $230,000. FMR LLC raised its position in Kimco Realty by 7.9% during the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after purchasing an additional 1,755,684 shares during the last quarter. Unigestion Holding SA lifted its stake in shares of Kimco Realty by 20.4% in the fourth quarter. Unigestion Holding SA now owns 34,632 shares of the real estate investment trust's stock worth $811,000 after acquiring an additional 5,871 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its position in shares of Kimco Realty by 438.3% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 51,358 shares of the real estate investment trust's stock worth $1,203,000 after buying an additional 41,818 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on KIM shares. Citigroup lowered their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company reduced 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. Finally, Scotiabank cut their price target on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.75.
View Our Latest Stock Analysis on KIM
Kimco Realty Stock Up 0.7 %
Shares of NYSE KIM traded up $0.15 during mid-day trading on Monday, reaching $20.28. 1,219,629 shares of the company were exchanged, compared to its average volume of 4,357,802. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The firm has a 50-day moving average of $21.14 and a 200 day moving average of $22.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 36.21, a P/E/G ratio of 2.78 and a beta of 1.25.
Kimco Realty (NYSE:KIM - Get Free Report) last posted 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, research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.
Kimco Realty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.93%. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.
Kimco Realty Company Profile
(
Free Report)
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.
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