Knights of Columbus Asset Advisors LLC Takes $4.87 Million Position in Kimco Realty Corp (NYSE:KIM)

Knights of Columbus Asset Advisors LLC purchased a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 207,871 shares of the real estate investment trust's stock, valued at approximately $4,870,000.

A number of other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty in the 3rd quarter worth about $31,000. Brooklyn Investment Group bought a new position in Kimco Realty in the third quarter worth approximately $37,000. Quarry LP purchased a new position in shares of Kimco Realty during the third quarter valued at $51,000. Catalyst Capital Advisors LLC increased its position in Kimco Realty by 102.9% during 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 purchasing an additional 1,104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in Kimco Realty in the fourth quarter worth approximately $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho decreased their price target 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. 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 note on Wednesday. Evercore ISI decreased 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 research report on Tuesday, December 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Ten equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.43.

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Kimco Realty Trading Up 0.0 %

KIM stock traded up $0.01 during trading on Wednesday, reaching $21.20. 2,959,003 shares of the stock were exchanged, compared to its average volume of 4,061,714. The business has a 50 day moving average price of $21.83 and a 200-day moving average price of $23.17. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 37.85, a P/E/G ratio of 2.78 and a beta of 1.53. 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 1 year low of $17.57 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results 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 net margin of 20.17% and a return on equity of 3.82%. On average, research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

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.