Kimco Realty Corp (NYSE:KIM) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,120,053 shares of the real estate investment trust's stock after acquiring an additional 234,855 shares during the period. Russell Investments Group Ltd. owned 0.46% of Kimco Realty worth $73,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp grew its position in Kimco Realty by 2.0% in 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 acquiring an additional 882,047 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kimco Realty by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after purchasing an additional 377,074 shares during the period. Norges Bank purchased a new stake in Kimco Realty during the 4th quarter valued at $363,436,000. Charles Schwab Investment Management Inc. lifted 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 worth $224,496,000 after buying an additional 101,293 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Kimco Realty by 5.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,949,070 shares of the real estate investment trust's stock worth $186,247,000 after buying an additional 414,155 shares during the period. 89.25% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

KIM has been the subject of a number of research analyst reports. Scotiabank decreased their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Mizuho lowered their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Evercore ISI reduced their price target on shares of 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. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and dropped their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Nine 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. Based on data from MarketBeat.com, Kimco Realty has an average rating of "Moderate Buy" and an average price target of $24.75.

Kimco Realty Stock Performance

NYSE:KIM traded up $0.17 during midday trading on Friday, hitting $19.94. The company's stock had a trading volume of 1,892,122 shares, compared to its average volume of 4,361,855. The firm has a market cap of $13.55 billion, a P/E ratio of 35.60, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The firm's 50 day moving average is $21.18 and its 200-day moving average is $22.85. 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 issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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%. Equities analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 5.02%. Kimco Realty's dividend payout ratio is presently 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.