Zurcher Kantonalbank Zurich Cantonalbank Acquires 124,076 Shares of Kimco Realty Corp (NYSE:KIM)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 611,760 shares of the real estate investment trust's stock after purchasing an additional 124,076 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Kimco Realty worth $14,334,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. State Street Corp raised its position in shares of Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after purchasing an additional 882,047 shares during the period. FMR LLC raised its position in shares of Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after purchasing an additional 1,283,352 shares during the period. Geode Capital Management LLC raised its position in shares of Kimco Realty by 0.3% in the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock valued at $398,468,000 after purchasing an additional 53,378 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Kimco Realty by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock valued at $224,496,000 after purchasing an additional 101,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kimco Realty by 842.3% in the third 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 in the last quarter. 89.25% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Evercore ISI decreased 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 note on Tuesday, December 24th. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Scotiabank decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.43.

Kimco Realty Price Performance

Shares of KIM traded up $0.44 during mid-day trading on Friday, reaching $20.57. The company had a trading volume of 4,801,786 shares, compared to its average volume of 4,055,732. The company's 50 day simple moving average is $21.98 and its 200 day simple moving average is $23.28. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year 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 has a market capitalization of $13.97 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results 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 net margin of 20.17% and a return on equity of 3.82%. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.86%. Kimco Realty's payout ratio is currently 178.57%.

Kimco Realty Profile

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.