CANADA LIFE ASSURANCE Co Acquires 45,328 Shares of Kimco Realty Corp (NYSE:KIM)

CANADA LIFE ASSURANCE Co lifted its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,098,338 shares of the real estate investment trust's stock after purchasing an additional 45,328 shares during the period. CANADA LIFE ASSURANCE Co owned 0.16% of Kimco Realty worth $25,727,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KIM. Asset Management One Co. Ltd. increased its position in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after buying an additional 12,705 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Kimco Realty during the 3rd quarter worth $17,636,000. B&I Capital AG increased its holdings in Kimco Realty by 13.9% in the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after acquiring an additional 62,100 shares during the last quarter. Nordea Investment Management AB raised its stake in Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock valued at $1,319,000 after acquiring an additional 3,614 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new stake in Kimco Realty during the fourth quarter valued at about $610,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

KIM traded down $0.08 during midday trading on Friday, hitting $20.36. The stock had a trading volume of 1,490,072 shares, compared to its average volume of 4,380,469. Kimco Realty Corp has a 1 year low of $17.93 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 business has a fifty day moving average of $20.80 and a 200 day moving average of $22.67. The company has a market cap of $13.83 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, equities analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on KIM. Scotiabank lowered 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 report on Wednesday. Mizuho lowered their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and cut their price target for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. decreased 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. Finally, Citigroup cut their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Nine research 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, Kimco Realty has an average rating of "Moderate Buy" and a consensus price target 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.