Caisse DE Depot ET Placement DU Quebec Buys New Stake in Kimco Realty Corp (NYSE:KIM)

Caisse DE Depot ET Placement DU Quebec bought a new position in Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 639,122 shares of the real estate investment trust's stock, valued at approximately $14,975,000. Caisse DE Depot ET Placement DU Quebec owned 0.09% of Kimco Realty as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Kimco Realty during the fourth quarter worth $363,436,000. Northern Trust Corp lifted its stake in Kimco Realty by 55.0% in the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after purchasing an additional 3,658,528 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Kimco Realty by 90.5% during the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock valued at $170,535,000 after buying an additional 3,457,435 shares during the period. Invesco Ltd. raised its holdings in shares of Kimco Realty by 18.3% in the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after buying an additional 2,692,258 shares during the period. Finally, Amundi lifted its stake in shares of Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after acquiring an additional 2,484,536 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KIM. Scotiabank reduced their price target on shares of 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 lowered 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. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Piper Sandler decreased their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Raymond James cut their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday. Nine equities 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $24.68.

Kimco Realty Stock Down 2.0 %

NYSE:KIM traded down $0.42 during mid-day trading on Monday, hitting $20.70. 5,284,957 shares of the company's stock traded hands, compared to its average volume of 4,438,095. 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 $14.07 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.78 and a beta of 1.25. The company has a fifty day moving average of $20.67 and a 200 day moving average of $22.53. Kimco Realty Corp has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate 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 EPS. Kimco Realty's revenue was up 965.3% on a year-over-year basis. On average, analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.83%. Kimco Realty's payout ratio is presently 178.57%.

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.