UniSuper Management Pty Ltd boosted its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,080 shares of the real estate investment trust's stock after purchasing an additional 14,806 shares during the quarter. UniSuper Management Pty Ltd's holdings in Kimco Realty were worth $6,492,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its stake in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after acquiring an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Kimco Realty in the 3rd quarter valued at about $17,636,000. B&I Capital AG grew its stake in Kimco Realty by 13.9% during the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after buying an additional 62,100 shares during the last quarter. Nordea Investment Management AB increased its position in Kimco Realty by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock worth $1,319,000 after buying an additional 3,614 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Kimco Realty in the fourth quarter valued at approximately $1,045,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Kimco Realty Price Performance
KIM traded down $0.01 on Tuesday, hitting $21.23. 753,073 shares of the company were exchanged, compared to its average volume of 4,238,810. The business's fifty day moving average is $21.74 and its 200 day moving average is $23.10. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two 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 firm has a market capitalization of $14.42 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, sell-side analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.
Kimco Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.71%. Kimco Realty's dividend payout ratio is presently 178.57%.
Analysts Set New Price Targets
KIM has been the topic of a number of recent research reports. Evercore ISI cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. JPMorgan Chase & Co. lowered their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Scotiabank reduced their price objective 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 decreased their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.43.
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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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