Quinn Opportunity Partners LLC Grows Stock Position in Kimco Realty Corp (NYSE:KIM)

Quinn Opportunity Partners LLC lifted its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 146.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,100 shares of the real estate investment trust's stock after purchasing an additional 44,000 shares during the period. Quinn Opportunity Partners LLC's holdings in Kimco Realty were worth $1,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in shares of Kimco Realty by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after buying an additional 12,705 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Kimco Realty in the third quarter worth about $17,636,000. B&I Capital AG grew its holdings in Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after acquiring an additional 62,100 shares in the last quarter. Nordea Investment Management AB increased its position in Kimco Realty by 6.9% during the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock valued at $1,319,000 after purchasing an additional 3,614 shares during the period. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Kimco Realty in the 4th quarter valued at about $610,000. Institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KIM shares. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank cut their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Mizuho dropped their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Evercore ISI cut their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average target price of $24.75.

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Kimco Realty Stock Performance

NYSE:KIM traded up $0.02 during trading hours on Tuesday, hitting $20.31. 3,907,480 shares of the company were exchanged, compared to its average volume of 4,370,353. The company's 50 day moving average price is $21.09 and its 200-day moving average price is $22.81. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (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, 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 announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.92%. Kimco Realty's dividend payout ratio is currently 178.57%.

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.