Kimco Realty Corp (NYSE:KIM) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC grew its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 82.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,031 shares of the real estate investment trust's stock after buying an additional 98,366 shares during the quarter. Gotham Asset Management LLC's holdings in Kimco Realty were worth $5,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Summit Securities Group LLC bought a new position in Kimco Realty during the fourth quarter valued at approximately $26,000. Brown Brothers Harriman & Co. lifted its stake in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $45,000. Catalyst Capital Advisors LLC lifted its stake in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,104 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $76,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analysts Set New Price Targets

KIM has been the subject of several analyst reports. Citigroup lowered their price objective 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. Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Raymond James reduced their price target 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. Scotiabank reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Trading Up 1.4%

KIM traded up $0.31 during trading on Friday, hitting $21.70. 2,860,535 shares of the stock were exchanged, compared to its average volume of 4,461,080. The firm has a 50 day simple moving average of $20.57 and a 200 day simple moving average of $22.35. The firm has a market cap of $14.68 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 2.78 and a beta of 1.26. 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.

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

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. Kimco Realty's dividend payout ratio is presently 129.87%.

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.