Wilmington Savings Fund Society FSB Grows Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Wilmington Savings Fund Society FSB lifted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 2,478.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,552 shares of the real estate investment trust's stock after purchasing an additional 33,212 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Kimco Realty were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its holdings in shares of Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust's stock valued at $724,000 after purchasing an additional 746 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Kimco Realty during the 2nd quarter valued at approximately $274,000. Park Avenue Securities LLC purchased a new position in Kimco Realty during the third quarter valued at $228,000. CWM LLC boosted its holdings in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust's stock worth $309,000 after acquiring an additional 595 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Kimco Realty by 302.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,055 shares of the real estate investment trust's stock worth $117,000 after acquiring an additional 3,800 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. Wells Fargo & Company decreased their target price on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Evercore ISI cut 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 report on Tuesday, December 24th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. downgraded Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 target price on the stock. in a research note on Friday, December 20th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.97.

Kimco Realty Stock Performance

Shares of NYSE KIM traded up $0.22 during midday trading on Tuesday, hitting $22.36. 3,598,417 shares of the company's stock traded hands, compared to its average volume of 4,577,778. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. The firm has a fifty day moving average of $23.15 and a 200 day moving average of $23.38. 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 issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. On average, analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is currently 181.82%.

About Kimco Realty

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.