Nomura Asset Management Co. Ltd. Purchases 43,610 Shares of Kimco Realty Corp (NYSE:KIM)

Nomura Asset Management Co. Ltd. lifted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,086,281 shares of the real estate investment trust's stock after acquiring an additional 43,610 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.16% of Kimco Realty worth $25,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in KIM. State Street Corp lifted its stake in 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 during the last quarter. FMR LLC lifted 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 worth $518,733,000 after buying an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kimco Realty by 0.3% in the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock valued at $398,468,000 after buying an additional 53,378 shares in the last quarter. Norges Bank acquired a new stake in Kimco Realty in the fourth quarter valued at about $363,436,000. Finally, Charles Schwab Investment Management Inc. grew its position 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 acquiring an additional 101,293 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

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Kimco Realty Stock Down 5.4 %

NYSE KIM traded down $1.16 on Thursday, hitting $20.29. 1,980,905 shares of the company were exchanged, compared to its average volume of 4,231,469. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market cap of $13.79 billion, a PE ratio of 36.23, a PEG ratio of 2.78 and a beta of 1.53. The stock has a fifty day moving average of $21.69 and a 200-day moving average of $23.07. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, analysts forecast 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KIM shares. Evercore ISI dropped their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Citigroup cut their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Wells Fargo & Company lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, Scotiabank lowered their target price on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Ten equities 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 stock. According to data from MarketBeat.com, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average target price 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.