Kimco Realty Corp (NYSE:KIM) Stock Holdings Lifted by Mariner LLC

Mariner LLC raised its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 51.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,457 shares of the real estate investment trust's stock after purchasing an additional 38,964 shares during the period. Mariner LLC's holdings in Kimco Realty were worth $2,682,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in Kimco Realty by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after acquiring an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Kimco Realty during the 3rd quarter worth $17,636,000. B&I Capital AG raised its holdings in shares of Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock valued at $11,945,000 after purchasing an additional 62,100 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock valued at $1,319,000 after purchasing an additional 3,614 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in Kimco Realty in the fourth quarter worth $610,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Up 1.7 %

KIM stock opened at $20.44 on Wednesday. Kimco Realty Corp has a twelve month low of $17.93 and a twelve 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 company has a market cap of $13.89 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. The business's 50-day simple moving average is $20.86 and its 200 day simple moving average is $22.70.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) 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%. On average, research analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm 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 4.89%. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KIM shares. Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company reduced their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Scotiabank decreased their target price on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Citigroup dropped their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Mizuho decreased their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Nine 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.75.

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.

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