BI Asset Management Fondsmaeglerselskab A S Has $1.38 Million Position in Kimco Realty Corp (NYSE:KIM)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 309.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,001 shares of the real estate investment trust's stock after acquiring an additional 44,575 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Kimco Realty were worth $1,382,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in shares of Kimco Realty during the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the 3rd quarter worth approximately $31,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after buying an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $45,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Kimco Realty by 102.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Price Performance

NYSE:KIM traded down $0.00 during trading hours on Monday, reaching $20.35. The company had a trading volume of 740,076 shares, compared to its average volume of 4,389,982. The firm has a market capitalization of $13.83 billion, a PE ratio of 36.35, a PEG ratio of 2.78 and a beta of 1.25. The stock has a 50-day moving average of $20.78 and a two-hundred day moving average of $22.64. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its 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 20.17% and a return on equity of 3.82%. Analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

KIM has been the subject of a number of research reports. Citigroup reduced their price target on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. JPMorgan Chase & Co. cut their price objective 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. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Mizuho cut 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, Scotiabank decreased their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus target price of $24.68.

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.