Kimco Realty Corp (NYSE:KIM) Position Boosted by National Bank of Canada FI

National Bank of Canada FI increased its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,646 shares of the real estate investment trust's stock after purchasing an additional 37,301 shares during the quarter. National Bank of Canada FI's holdings in Kimco Realty were worth $7,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after buying an additional 882,047 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 53,378 shares during the last quarter. Norges Bank acquired a new stake in shares of Kimco Realty during the fourth quarter worth $363,436,000. Charles Schwab Investment Management Inc. increased its stake in Kimco Realty by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock valued at $224,496,000 after purchasing an additional 101,293 shares during the last quarter. Finally, Amundi lifted its position in Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after buying an additional 2,484,536 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective 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. Citigroup lowered their price objective on shares of 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 reduced their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Evercore ISI cut their price objective on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Nine 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.75.

Kimco Realty Stock Performance

KIM stock traded down $0.61 during mid-day trading on Thursday, reaching $19.55. The company had a trading volume of 1,680,148 shares, compared to its average volume of 4,352,547. 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 stock's 50-day simple moving average is $21.23 and its two-hundred day simple moving average is $22.87. The stock has a market capitalization of $13.28 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.

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.