National Pension Service grew its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 4,342.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078,262 shares of the real estate investment trust's stock after purchasing an additional 1,053,992 shares during the period. National Pension Service owned approximately 0.16% of Kimco Realty worth $25,264,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kimco Realty by 842.3% during the third 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 buying an additional 5,598,091 shares in the last quarter. FMR LLC boosted its position in shares of Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after acquiring an additional 1,283,352 shares during the last quarter. 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 purchasing an additional 882,047 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Kimco Realty in the third quarter worth approximately $17,636,000. Finally, KBC Group NV increased its position in shares of Kimco Realty by 408.7% in the third quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust's stock worth $15,556,000 after purchasing an additional 538,232 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
KIM has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Mizuho reduced their target price 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. Scotiabank cut their target price on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Finally, 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 research report on Tuesday, December 24th. Ten 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.43.
Check Out Our Latest Research Report on Kimco Realty
Kimco Realty Stock Up 1.0 %
KIM stock traded up $0.22 during midday trading on Wednesday, hitting $21.73. The company's stock had a trading volume of 3,773,194 shares, compared to its average volume of 4,403,262. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a market cap of $14.76 billion, a PE ratio of 38.79, a P/E/G ratio of 2.78 and a beta of 1.50. The firm's 50-day moving average is $22.31 and its 200-day moving average is $23.37.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.
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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