New Age Alpha Advisors LLC purchased a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 213,657 shares of the real estate investment trust's stock, valued at approximately $5,006,000.
A number of other institutional investors have also modified their holdings of KIM. Captrust Financial Advisors increased its stake in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock worth $340,000 after buying an additional 482 shares during the period. Keybank National Association OH raised its stake in shares of Kimco Realty by 4.0% in the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 496 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after purchasing an additional 539 shares during the period. Coldstream Capital Management Inc. grew its stake in Kimco Realty by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 565 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in Kimco Realty by 4.4% during the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock worth $341,000 after purchasing an additional 611 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Evercore ISI lowered their price objective on 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. JPMorgan Chase & Co. lowered their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company reduced 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 report on Wednesday, March 26th. Citigroup lowered their target price 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. Finally, Mizuho cut their price target 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. Ten investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.43.
View Our Latest Report on Kimco Realty
Kimco Realty Stock Performance
NYSE KIM traded up $0.23 on Wednesday, reaching $21.37. The stock had a trading volume of 1,031,999 shares, compared to its average volume of 4,224,826. The stock has a market cap of $14.52 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The business's 50-day moving average price is $21.71 and its 200 day moving average price is $23.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share 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 analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.
Kimco Realty Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.68%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio is presently 178.57%.
Kimco Realty Company Profile
(
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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