Kimco Realty Corp (NYSE:KIM) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 62.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,252,227 shares of the real estate investment trust's stock after acquiring an additional 480,959 shares during the quarter. BNP Paribas Financial Markets owned about 0.19% of Kimco Realty worth $29,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keybank National Association OH grew its stake in shares of Kimco Realty by 4.0% in the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 496 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after acquiring an additional 539 shares during the last quarter. Pitcairn Co. boosted its holdings in Kimco Realty by 4.0% in the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after acquiring an additional 567 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 575 shares in the last quarter. Finally, Savant Capital LLC increased its position in shares of Kimco Realty by 4.4% during the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock worth $341,000 after acquiring an additional 611 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the subject of several recent research reports. Citigroup lowered their target price on 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. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Scotiabank decreased their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Piper Sandler lowered their price target on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Raymond James reduced their target price on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Monday, May 5th. Nine investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Stock Up 3.7%

KIM traded up $0.76 during trading on Monday, hitting $21.58. 4,086,373 shares of the company's stock traded hands, compared to its average volume of 4,442,386. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 2.78 and a beta of 1.26. The company's 50 day simple moving average is $20.56 and its two-hundred day simple moving average is $22.41. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83.

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

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.

Kimco Realty Company 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.