Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 95,638 Shares of Kimco Realty Corp (NYSE:KIM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 36.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,617 shares of the real estate investment trust's stock after acquiring an additional 95,638 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Kimco Realty worth $8,379,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KIM. State Street Corp grew its stake in shares of Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after purchasing an additional 882,047 shares during the period. FMR LLC grew its position in Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after acquiring an additional 1,283,352 shares during the period. Geode Capital Management LLC raised its stake in Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock worth $398,468,000 after acquiring an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimco Realty by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock valued at $224,496,000 after acquiring an additional 101,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kimco Realty by 842.3% in the 3rd 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 valued at $145,420,000 after purchasing an additional 5,598,091 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

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Wall Street Analysts Forecast Growth

KIM has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Mizuho cut 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 note on Tuesday, February 25th. Evercore ISI decreased their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Citigroup dropped their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Scotiabank reduced their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Ten investment 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. According to MarketBeat.com, Kimco Realty currently has an average rating of "Moderate Buy" and an average price target of $24.50.

Kimco Realty Trading Down 0.7 %

Shares of KIM traded down $0.14 on Tuesday, reaching $21.19. 4,666,617 shares of the company's stock were exchanged, compared to its average volume of 4,070,911. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock has a market capitalization of $14.40 billion, a P/E ratio of 37.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $21.83 and a two-hundred day moving average price of $23.17.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.72%. Kimco Realty's 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.