Y Intercept Hong Kong Ltd acquired a new position in Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,225 shares of the real estate investment trust's stock, valued at approximately $380,000.
Several other institutional investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after acquiring an additional 5,598,091 shares during the last quarter. FMR LLC grew its stake in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock worth $518,733,000 after buying an additional 1,283,352 shares in the last quarter. State Street Corp increased its holdings in shares of Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after buying an additional 882,047 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at about $17,636,000. Finally, KBC Group NV lifted its holdings in shares of Kimco Realty by 408.7% in the 3rd quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust's stock valued at $15,556,000 after acquiring an additional 538,232 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.
Kimco Realty Stock Up 1.2 %
NYSE:KIM traded up $0.25 during mid-day trading on Friday, reaching $21.47. The company's stock had a trading volume of 3,791,263 shares, compared to its average volume of 4,481,891. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $14.59 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The stock has a fifty day moving average of $22.27 and a 200-day moving average of $23.36. 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 data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.
Kimco Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on KIM shares. Wells Fargo & Company cut their target price on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut 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 lowered their target price on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Robert W. Baird raised their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Evercore ISI dropped their target price 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 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.43.
Read Our Latest Stock Analysis 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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