Amundi lifted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 70.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,999,390 shares of the real estate investment trust's stock after purchasing an additional 2,484,536 shares during the period. Amundi owned about 0.89% of Kimco Realty worth $132,227,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimco Realty by 842.3% during 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 last quarter. FMR LLC lifted its position in shares of Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. National Pension Service lifted its position in shares of Kimco Realty by 4,342.8% during the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock worth $25,264,000 after purchasing an additional 1,053,992 shares during the last quarter. State Street Corp lifted its position 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 last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Kimco Realty during the third quarter worth about $17,636,000. Institutional investors own 89.25% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on KIM shares. Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Scotiabank decreased their target price on 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. Evercore ISI lowered their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. JPMorgan Chase & Co. lowered their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their target price 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. Ten equities research 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 has a consensus rating of "Moderate Buy" and a consensus price target of $24.43.
Check Out Our Latest Report on Kimco Realty
Kimco Realty Stock Performance
KIM stock traded up $0.44 on Friday, reaching $20.57. The company's stock had a trading volume of 4,801,786 shares, compared to its average volume of 4,079,926. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a market capitalization of $13.97 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The firm has a fifty day moving average of $22.03 and a two-hundred day moving average of $23.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.
Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results 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%. As a group, analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Announces Dividend
The company also recently announced 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 of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. Kimco Realty's dividend payout ratio (DPR) is 178.57%.
About Kimco Realty
(
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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