Teacher Retirement System of Texas bought a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,460 shares of the real estate investment trust's stock, valued at approximately $362,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock valued at $340,000 after acquiring an additional 482 shares during the last quarter. Keybank National Association OH boosted its stake 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 acquiring an additional 496 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after purchasing an additional 539 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of Kimco Realty by 2.5% in the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock valued at $544,000 after buying an additional 565 shares in the last quarter. Finally, Savant Capital LLC grew its position in shares of Kimco Realty by 4.4% in the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock valued at $341,000 after purchasing an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.
Analyst Upgrades and Downgrades
KIM has been the subject of a number of recent research reports. Mizuho lowered their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Scotiabank lowered their price objective on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Wells Fargo & Company decreased their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Evercore ISI reduced their price objective on 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. Ten investment 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $24.43.
Check Out Our Latest Analysis on KIM
Kimco Realty Price Performance
Shares of NYSE:KIM traded down $1.40 during trading hours on Thursday, hitting $20.06. 9,737,549 shares of the company's stock traded hands, compared to its average volume of 4,261,154. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. 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 quick ratio of 3.59 and a current ratio of 3.65. The company's fifty day simple moving average is $21.69 and its two-hundred day simple moving average is $23.07.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.99%. Kimco Realty's dividend payout ratio is 178.57%.
Kimco Realty Company Profile
(
Free Report)
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.
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