Hsbc Holdings PLC Acquires 169,945 Shares of Kimco Realty Corp (NYSE:KIM)

Hsbc Holdings PLC boosted its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,159,769 shares of the real estate investment trust's stock after buying an additional 169,945 shares during the period. Hsbc Holdings PLC owned approximately 0.47% of Kimco Realty worth $73,985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KIM. Keybank National Association OH lifted its stake in shares of Kimco Realty by 4.0% in the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 496 shares during the period. Avantax Advisory Services Inc. increased its holdings in Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after purchasing an additional 539 shares during the last quarter. Pitcairn Co. lifted its stake in Kimco Realty by 4.0% in the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 567 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 575 shares during the period. Finally, Savant Capital LLC boosted its holdings in Kimco Realty by 4.4% during the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock worth $341,000 after buying an additional 611 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Down 0.3 %

Shares of KIM stock traded down $0.06 during trading on Friday, reaching $20.37. The company's stock had a trading volume of 4,938,678 shares, compared to its average volume of 4,404,134. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The business has a fifty day moving average price of $20.78 and a 200-day moving average price of $22.64. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

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 analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.

Analysts Set New Price Targets

KIM has been the topic of a number of analyst reports. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and cut their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Scotiabank decreased their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday. 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 research report on Wednesday, March 26th. Finally, Citigroup decreased their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.68.

Kimco Realty Company Profile

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.