LPL Financial LLC Raises Stock Position in Kimco Realty Corp (NYSE:KIM)

LPL Financial LLC raised its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,205 shares of the real estate investment trust's stock after buying an additional 25,254 shares during the period. LPL Financial LLC's holdings in Kimco Realty were worth $3,098,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Captrust Financial Advisors raised its position in shares of Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock worth $340,000 after acquiring an additional 482 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Kimco Realty by 48.6% during the third quarter. Quantinno Capital Management LP now owns 36,731 shares of the real estate investment trust's stock worth $853,000 after purchasing an additional 12,005 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Kimco Realty by 12.3% during the 3rd quarter. MML Investors Services LLC now owns 17,632 shares of the real estate investment trust's stock worth $409,000 after buying an additional 1,931 shares during the last quarter. Barclays PLC boosted its holdings in shares of Kimco Realty by 14.3% in the 3rd quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock valued at $42,915,000 after buying an additional 231,606 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Kimco Realty by 0.3% in 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 buying an additional 53,378 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

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Kimco Realty Stock Performance

Kimco Realty stock traded up $0.02 during trading hours on Tuesday, reaching $20.31. 3,907,480 shares of the stock were exchanged, compared to its average volume of 4,372,738. The stock has a market cap of $13.80 billion, a P/E ratio of 36.26, a P/E/G ratio of 2.78 and a beta of 1.25. The firm's 50 day moving average is $21.09 and its 200 day moving average is $22.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 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%. Analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio is presently 178.57%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KIM. Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. 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. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and dropped their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup lowered their target price 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. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Kimco Realty currently has an average rating of "Moderate Buy" and a consensus target price of $24.75.

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.