Massachusetts Financial Services Co. MA lifted its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,949,070 shares of the real estate investment trust's stock after purchasing an additional 414,155 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.18% of Kimco Realty worth $186,247,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in Kimco Realty by 1.0% in the 4th 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 bought a new position in shares of Kimco Realty in the third quarter worth $17,636,000. B&I Capital AG raised its stake in Kimco Realty by 13.9% in the fourth 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 grew its stake in Kimco Realty by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock worth $1,319,000 after buying an additional 3,614 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Kimco Realty during the fourth quarter worth about $1,045,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.
Kimco Realty Trading Up 7.9 %
NYSE KIM traded up $1.47 on Wednesday, reaching $20.17. The company had a trading volume of 10,825,097 shares, compared to its average volume of 4,362,203. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 2.78 and a beta of 1.25. The business has a 50 day moving average of $21.23 and a two-hundred day moving average of $22.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current year.
Kimco Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on KIM. Evercore ISI cut their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Citigroup reduced their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Scotiabank lowered their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Mizuho reduced their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Nine 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 stock. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average price target of $24.75.
Read Our Latest Report on Kimco Realty
About Kimco Realty
(
Free Report)
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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