Korea Investment CORP raised its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,580 shares of the real estate investment trust's stock after buying an additional 16,700 shares during the period. Korea Investment CORP's holdings in Kimco Realty were worth $5,192,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings 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 period. Geode Capital Management LLC raised its position in Kimco Realty by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock valued at $398,468,000 after purchasing an additional 53,378 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Kimco Realty by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock worth $224,496,000 after buying an additional 101,293 shares during the period. Amundi grew its position in shares of Kimco Realty by 70.7% in the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after buying an additional 2,484,536 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kimco Realty by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,953,320 shares of the real estate investment trust's stock valued at $139,486,000 after acquiring an additional 51,656 shares in the last quarter. Institutional investors own 89.25% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on KIM. JPMorgan Chase & Co. cut their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on shares of 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. Scotiabank decreased 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. Mizuho cut their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Citigroup decreased their target price 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. Ten 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 company's stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average target price of $24.43.
Check Out Our Latest Stock Analysis on Kimco Realty
Kimco Realty Stock Down 6.5 %
KIM stock traded down $1.40 during midday trading on Thursday, hitting $20.06. The company's stock had a trading volume of 9,737,730 shares, compared to its average volume of 4,262,534. The firm's 50-day moving average is $21.69 and its 200-day moving average is $23.07. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a market cap of $13.63 billion, a PE ratio of 35.81, a P/E/G ratio of 2.78 and a beta of 1.53.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its 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%. On average, equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.99%. Kimco Realty's payout ratio 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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