Thrivent Financial for Lutherans lifted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,060 shares of the real estate investment trust's stock after acquiring an additional 52,467 shares during the quarter. Thrivent Financial for Lutherans' holdings in Kimco Realty were worth $7,288,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the third quarter worth about $31,000. Brooklyn Investment Group purchased a new position in Kimco Realty during the third quarter worth $37,000. Quarry LP acquired a new position in shares of Kimco Realty in the third quarter worth $51,000. Catalyst Capital Advisors LLC boosted its stake in shares of Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Kimco Realty during the 4th quarter worth about $77,000. 89.25% of the stock is owned by hedge funds and other institutional investors.
Kimco Realty Stock Down 1.0 %
KIM stock traded down $0.20 during trading on Thursday, reaching $21.01. The stock had a trading volume of 5,928,203 shares, compared to its average volume of 4,069,121. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average price of $21.81 and a 200 day moving average price of $23.15. The company has a market capitalization of $14.27 billion, a P/E ratio of 37.51, a PEG ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly 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 return on equity of 3.82% and a net margin of 20.17%. On average, equities analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.
Kimco Realty Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday. Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Scotiabank cut their price objective 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. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, 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 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.43.
View Our Latest Research Report on Kimco Realty
About Kimco Realty
(
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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