Schroder Investment Management Group Has $72.35 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Schroder Investment Management Group grew its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 348.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,114,647 shares of the real estate investment trust's stock after buying an additional 2,420,884 shares during the quarter. Schroder Investment Management Group owned 0.46% of Kimco Realty worth $72,353,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in KIM. Captrust Financial Advisors lifted its stake in Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock worth $340,000 after purchasing an additional 482 shares during the period. Keybank National Association OH lifted its position in shares of Kimco Realty by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock worth $305,000 after buying an additional 496 shares during the period. Avantax Advisory Services Inc. boosted its stake in Kimco Realty by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 539 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 565 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after buying an additional 575 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

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Kimco Realty Trading Down 6.5 %

NYSE KIM traded down $1.40 on Thursday, reaching $20.06. The company had a trading volume of 10,085,405 shares, compared to its average volume of 4,262,535. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 2.78 and a beta of 1.53. The stock's 50 day moving average is $21.69 and its 200-day moving average is $23.07.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 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%. Equities analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is 178.57%.

Analysts Set New Price Targets

KIM has been the subject of several research analyst reports. Citigroup cut their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Scotiabank dropped their price objective on shares of 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. Ten investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.43.

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.