Pinebridge Investments L.P. Purchases 1,854,546 Shares of Kimco Realty Corp (NYSE:KIM)

Pinebridge Investments L.P. grew its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 7,712.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,878,591 shares of the real estate investment trust's stock after buying an additional 1,854,546 shares during the period. Pinebridge Investments L.P. owned approximately 0.28% of Kimco Realty worth $44,015,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KIM. MML Investors Services LLC raised its stake in Kimco Realty by 12.3% in the 3rd quarter. MML Investors Services LLC now owns 17,632 shares of the real estate investment trust's stock worth $409,000 after purchasing an additional 1,931 shares in the last quarter. Barclays PLC grew its position in Kimco Realty by 14.3% during the third quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock worth $42,915,000 after buying an additional 231,606 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Kimco Realty during the third quarter worth approximately $269,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty during the 3rd quarter worth $31,000. Finally, Tidal Investments LLC raised its holdings in Kimco Realty by 17.9% in the 3rd quarter. Tidal Investments LLC now owns 35,999 shares of the real estate investment trust's stock valued at $836,000 after acquiring an additional 5,466 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday. Citigroup reduced their price target 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. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and lowered their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Mizuho reduced their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Trading Down 0.3 %

Shares of NYSE:KIM traded down $0.06 during midday trading on Friday, hitting $20.37. 4,938,678 shares of the stock were exchanged, compared to its average volume of 4,395,755. The business's 50-day moving average price is $20.78 and its 200 day moving average price is $22.65. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its 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%. Analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is presently 178.57%.

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.