Nomura Asset Management Co. Ltd. Acquires 32,222 Shares of Kimco Realty Corp (NYSE:KIM)

Nomura Asset Management Co. Ltd. increased its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,042,671 shares of the real estate investment trust's stock after purchasing an additional 32,222 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.15% of Kimco Realty worth $24,211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in Kimco Realty in the 3rd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty during the third quarter valued at approximately $37,000. Blue Trust Inc. grew its position in Kimco Realty by 613.5% in the 2nd quarter. Blue Trust Inc. now owns 2,112 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 1,816 shares during the last quarter. Quarry LP bought a new position in shares of Kimco Realty in the third quarter worth about $51,000. Finally, UMB Bank n.a. increased its position in shares of Kimco Realty by 112.6% during the second quarter. UMB Bank n.a. now owns 3,374 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 1,787 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Down 1.2 %

Shares of Kimco Realty stock traded down $0.29 during trading on Wednesday, reaching $24.44. The company had a trading volume of 4,524,361 shares, compared to its average volume of 4,525,535. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 44.44, a price-to-earnings-growth ratio of 3.30 and a beta of 1.50. The firm's fifty day moving average is $24.43 and its 200-day moving average is $22.34. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.22). The company had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. On average, analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from Kimco Realty's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.09%. Kimco Realty's dividend payout ratio is 181.82%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KIM shares. UBS Group increased their target price on Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, November 8th. The Goldman Sachs Group lifted their target price on Kimco Realty from $20.00 to $22.50 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Evercore ISI raised their target price on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Robert W. Baird lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Finally, Raymond James upgraded shares of Kimco Realty from a "market perform" rating to a "strong-buy" rating and set a $25.00 target price for the company in a research report on Friday, August 16th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.70.

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.