Man Group plc Acquires New Stake in Kimco Realty Corp (NYSE:KIM)

Man Group plc acquired a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,852 shares of the real estate investment trust's stock, valued at approximately $582,000.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Kimco Realty by 7.9% during the fourth quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after buying an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Kimco Realty by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock valued at $411,179,000 after acquiring an additional 377,074 shares during the last quarter. Invesco Ltd. lifted its stake in shares of 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 valued at $407,301,000 after purchasing an additional 2,692,258 shares during the period. Norges Bank acquired a new position in shares of Kimco Realty in the 4th quarter valued at $363,436,000. Finally, Northern Trust Corp increased 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 valued at $241,446,000 after purchasing an additional 3,658,528 shares in the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Price Performance

Shares of KIM traded down $0.04 during trading hours on Wednesday, hitting $20.98. 2,879,622 shares of the company were exchanged, compared to its average volume of 4,480,073. 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 Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The company has a market cap of $14.19 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 2.78 and a beta of 1.26. The firm's fifty day moving average is $20.59 and its 200 day moving average is $22.17.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results 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. The firm had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business's quarterly revenue was up 965.3% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

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 given a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.77%. Kimco Realty's dividend payout ratio is presently 129.87%.

Analysts Set New Price Targets

KIM has been the subject of several research analyst reports. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Piper Sandler lowered their price target on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Wall Street Zen lowered Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" 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.