Dimensional Fund Advisors LP boosted its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,243,843 shares of the real estate investment trust's stock after buying an additional 134,634 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.52% of Kimco Realty worth $240,010,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after purchasing an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC grew its position in Kimco Realty by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after purchasing an additional 377,074 shares during the last quarter. Invesco Ltd. grew its position in 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 worth $407,301,000 after purchasing an additional 2,692,258 shares during the last quarter. Norges Bank acquired a new stake in Kimco Realty in the 4th quarter worth $363,436,000. Finally, Charles Schwab Investment Management Inc. grew its position in Kimco Realty by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock worth $224,496,000 after purchasing an additional 101,293 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have issued reports on KIM shares. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Scotiabank reduced their price objective 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. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kimco Realty presently has an average rating of "Moderate Buy" and a consensus target price of $24.68.
Check Out Our Latest Stock Report on Kimco Realty
Kimco Realty Price Performance
KIM stock traded down $0.06 during trading on Friday, hitting $20.37. 4,938,678 shares of the stock traded hands, compared to its average volume of 4,404,134. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.78 and a beta of 1.25. The company has a 50 day simple moving average of $20.78 and a 200 day simple moving average of $22.64. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share 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%. Equities analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 annualized dividend and a dividend yield of 4.91%. Kimco Realty's dividend payout ratio (DPR) is currently 178.57%.
About Kimco Realty
(
Free Report)
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.
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