Axa S.A. Buys 25,411 Shares of Kimco Realty Corp (NYSE:KIM)

Axa S.A. raised its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 886,340 shares of the real estate investment trust's stock after purchasing an additional 25,411 shares during the period. Axa S.A. owned 0.13% of Kimco Realty worth $20,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after purchasing an additional 1,755,684 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Kimco Realty by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after acquiring an additional 377,074 shares in the last quarter. Invesco Ltd. boosted its stake in Kimco Realty by 18.3% in the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after purchasing an additional 2,692,258 shares in the last quarter. Norges Bank purchased a new stake in shares of Kimco Realty during the fourth quarter valued at $363,436,000. Finally, Northern Trust Corp increased its position in shares of Kimco Realty by 55.0% in the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock valued at $241,446,000 after acquiring an additional 3,658,528 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Up 0.8 %

Shares of KIM stock opened at $21.11 on Monday. The stock has a 50 day simple moving average of $20.67 and a 200-day simple moving average of $22.53. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 37.70, a PEG ratio of 2.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The company's revenue was up 965.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. On average, equities research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. Kimco Realty's payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Mizuho dropped their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Citigroup dropped their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Wells Fargo & Company reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.68.

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.

Want to see what other hedge funds are holding KIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimco Realty Corp (NYSE:KIM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.