Mitsubishi UFJ Asset Management Co. Ltd. Has $37.07 Million Stake in Kimco Realty Corp (NYSE:KIM)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 12.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,599,995 shares of the real estate investment trust's stock after purchasing an additional 178,282 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of Kimco Realty worth $37,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KIM. State Street Corp boosted its position in shares of Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after acquiring an additional 882,047 shares during the period. FMR LLC raised its position in shares of Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after buying an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC grew its position in Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock worth $398,468,000 after buying an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kimco Realty by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock worth $224,496,000 after acquiring an additional 101,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock worth $145,420,000 after acquiring an additional 5,598,091 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

KIM has been the topic of a number of recent analyst reports. Scotiabank decreased their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Mizuho cut 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 decreased their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Finally, Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and cut their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten equities 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.43.

Kimco Realty Trading Down 5.4 %

Shares of KIM stock traded down $1.16 during mid-day trading on Thursday, reaching $20.29. 1,980,905 shares of the stock traded hands, compared to its average volume of 4,736,270. The stock's fifty day simple moving average is $21.69 and its two-hundred day simple moving average is $23.07. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year 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 $13.79 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its 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 net margin of 20.17% and a return on equity of 3.82%. On average, research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.

Kimco Realty Company 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.