Kimco Realty Corp (NYSE:KIM) Shares Acquired by Swedbank AB

Swedbank AB raised its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 689,142 shares of the real estate investment trust's stock after acquiring an additional 134,048 shares during the quarter. Swedbank AB owned approximately 0.10% of Kimco Realty worth $16,147,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Kimco Realty in the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty in the 3rd quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new position in Kimco Realty during the third quarter worth $37,000. Quarry LP purchased a new position in shares of Kimco Realty during the 3rd quarter worth about $51,000. Finally, Castleview Partners LLC bought a new position in shares of Kimco Realty during the third quarter valued at approximately $77,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KIM shares. Wells Fargo & Company cut their price target on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 target price for the company. in a research note on Friday, December 20th. UBS Group boosted their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.97.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded down $0.22 on Friday, reaching $22.46. The company's stock had a trading volume of 11,742,961 shares, compared to its average volume of 3,842,177. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $23.55 and a 200-day moving average price of $23.32. The company has a market capitalization of $15.14 billion, a P/E ratio of 40.83, a PEG ratio of 2.90 and a beta of 1.51. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million during the quarter, compared to analysts' expectations of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. Analysts expect that Kimco Realty Corp will post 1.64 EPS for the current year.

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.