Natixis Invests $7.57 Million in Kimco Realty Corp (NYSE:KIM)

Natixis bought a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 322,861 shares of the real estate investment trust's stock, valued at approximately $7,565,000.

Other large investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its holdings in Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after buying an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Kimco Realty in the third quarter valued at $17,636,000. B&I Capital AG raised its stake in shares of 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 acquiring an additional 62,100 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Kimco Realty by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock valued at $1,319,000 after purchasing an additional 3,614 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in Kimco Realty during the 4th quarter worth $610,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Performance

Shares of NYSE:KIM traded up $0.09 during trading on Wednesday, reaching $20.54. The company had a trading volume of 5,669,044 shares, compared to its average volume of 4,375,206. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock's fifty day moving average price is $20.83 and its 200 day moving average price is $22.68. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, equities research analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders 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 4.87%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KIM shares. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Evercore ISI cut their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Scotiabank lowered their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Nine research 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.68.

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.