Mizuho Securities USA LLC Raises Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Mizuho Securities USA LLC lifted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 46.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,888 shares of the real estate investment trust's stock after purchasing an additional 20,175 shares during the period. Mizuho Securities USA LLC's holdings in Kimco Realty were worth $1,497,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty in the third quarter worth about $31,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty in the 3rd quarter valued at approximately $37,000. Quarry LP bought a new stake in shares of Kimco Realty during the third quarter valued at approximately $51,000. Catalyst Capital Advisors LLC raised its holdings 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 purchasing an additional 1,104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Kimco Realty during the fourth quarter valued at $77,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Down 0.4 %

Shares of NYSE KIM traded down $0.08 during trading hours on Friday, reaching $20.94. The stock had a trading volume of 2,520,349 shares, compared to its average volume of 4,252,877. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 2.78 and a beta of 1.53. The business's fifty day moving average price is $21.76 and its two-hundred day moving average price is $23.12. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results 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 return on equity of 3.82% and a net margin of 20.17%. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

Analyst Upgrades and Downgrades

KIM has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday. Mizuho reduced their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Evercore ISI dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Ten investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.43.

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.