Prudential Financial Inc. increased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 14.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,147,491 shares of the real estate investment trust's stock after acquiring an additional 145,217 shares during the period. Prudential Financial Inc. owned about 0.17% of Kimco Realty worth $26,886,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in KIM. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in Kimco Realty during the third quarter worth $37,000. Catalyst Capital Advisors LLC raised its position in Kimco Realty by 102.9% in the 4th 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 during the last quarter. Quarry LP bought a new position in Kimco Realty during the 3rd quarter valued at $51,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Kimco Realty during the 4th quarter worth $77,000. Institutional investors own 89.25% of the company's stock.
Kimco Realty Stock Performance
Kimco Realty stock traded up $0.33 during midday trading on Monday, reaching $21.26. The stock had a trading volume of 4,071,658 shares, compared to its average volume of 4,252,155. The firm has a market capitalization of $14.44 billion, a PE ratio of 37.96, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. 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 firm's 50-day moving average price is $21.74 and its 200 day moving average price is $23.10.
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 (EPS) for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Announces Dividend
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.70%. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on KIM shares. Evercore ISI lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Citigroup decreased their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and cut their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho decreased their price target on 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, Wells Fargo & Company dropped their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.43.
View Our Latest Research Report on Kimco Realty
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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