Proficio Capital Partners LLC Invests $1.05 Million in Kimco Realty Corp (NYSE:KIM)

Proficio Capital Partners LLC purchased a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 44,587 shares of the real estate investment trust's stock, valued at approximately $1,045,000.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake in shares of 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 valued at $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. FMR LLC grew its holdings in 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 acquiring an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC increased its position in Kimco Realty by 0.3% in the 3rd 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 acquiring an additional 53,378 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock valued at $220,131,000 after acquiring an additional 405,685 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock worth $145,420,000 after purchasing an additional 5,598,091 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

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Kimco Realty Stock Down 2.9 %

Shares of Kimco Realty stock traded down $0.62 during trading hours on Tuesday, reaching $20.66. The company's stock had a trading volume of 6,416,950 shares, compared to its average volume of 4,630,249. 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's fifty day simple moving average is $22.19 and its two-hundred day simple moving average is $23.35. The company has a market capitalization of $14.03 billion, a P/E ratio of 36.88, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Friday, March 7th. Kimco Realty's dividend payout ratio is 178.57%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. 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 research report on Friday, February 28th. Evercore ISI decreased 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 research report on Tuesday, December 24th. Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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.