Kimco Realty Corp (NYSE:KIM) Shares Acquired by Generate Investment Management Ltd

Generate Investment Management Ltd lifted its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 678,680 shares of the real estate investment trust's stock after purchasing an additional 114,436 shares during the quarter. Generate Investment Management Ltd owned about 0.10% of Kimco Realty worth $15,901,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Truist Financial Corp increased its stake in shares of Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust's stock worth $724,000 after acquiring an additional 746 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Kimco Realty during the 2nd quarter worth about $274,000. Park Avenue Securities LLC acquired a new stake in shares of Kimco Realty in the third quarter valued at about $228,000. Czech National Bank raised its position in shares of Kimco Realty by 8.0% during the 3rd quarter. Czech National Bank now owns 137,323 shares of the real estate investment trust's stock worth $3,189,000 after purchasing an additional 10,149 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in shares of Kimco Realty during the third quarter valued at approximately $328,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

KIM has been the topic of several research reports. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank upped their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, November 25th. UBS Group lifted their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 8th. Mizuho boosted their target price on Kimco Realty from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. 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 analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average price target of $24.97.

Kimco Realty Price Performance

Shares of KIM stock traded up $0.14 during trading hours on Tuesday, hitting $22.28. The company's stock had a trading volume of 1,334,939 shares, compared to its average volume of 4,491,283. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 40.50, a P/E/G ratio of 2.92 and a beta of 1.50. The business has a fifty day moving average of $23.22 and a 200-day moving average of $23.37.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. As a group, equities research analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.49%. Kimco Realty's payout ratio is 181.82%.

Kimco Realty 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.