Marshall Wace LLP Increases Stake in Kimco Realty Corp (NYSE:KIM)

Marshall Wace LLP lifted its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 3,276.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 670,292 shares of the real estate investment trust's stock after buying an additional 650,440 shares during the period. Marshall Wace LLP owned approximately 0.10% of Kimco Realty worth $15,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of KIM. Summit Securities Group LLC purchased a new position in Kimco Realty in the fourth quarter worth about $26,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Kimco Realty by 78.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after buying an additional 575 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty during the third quarter valued at approximately $31,000. Headlands Technologies LLC purchased a new stake in Kimco Realty during the fourth quarter valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC raised its position in Kimco Realty by 102.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,104 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

KIM stock traded up $0.09 during trading on Wednesday, reaching $20.54. The company had a trading volume of 5,669,044 shares, compared to its average volume of 4,375,206. The firm has a 50-day simple moving average of $20.86 and a 200-day simple moving average of $22.70. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a twelve month low of $17.93 and a twelve month high of $25.83. 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 (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, sell-side analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. Kimco Realty's dividend payout ratio (DPR) is 178.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KIM shares. Wells Fargo & Company reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Citigroup cut their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Mizuho decreased their target price on shares of 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, Scotiabank lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned 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 target price of $24.68.

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.