Sterling Capital Management LLC Buys 13,929 Shares of Kimco Realty Corp (NYSE:KIM)

Sterling Capital Management LLC grew its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,122 shares of the real estate investment trust's stock after buying an additional 13,929 shares during the period. Sterling Capital Management LLC's holdings in Kimco Realty were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in Kimco Realty during the 4th quarter worth approximately $26,000. Brown Brothers Harriman & Co. raised its stake in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after buying an additional 575 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty in the third quarter valued at $31,000. Headlands Technologies LLC acquired a new position in Kimco Realty in the fourth quarter valued at $45,000. Finally, Catalyst Capital Advisors LLC grew its holdings in Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,104 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 2.1 %

Shares of NYSE:KIM traded up $0.42 during mid-day trading on Friday, hitting $20.58. 4,086,246 shares of the company traded hands, compared to its average volume of 4,360,506. The stock has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $22.73. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83. The stock has a market cap of $13.98 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.78 and a beta of 1.25. 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 posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.86%. Kimco Realty's payout ratio is presently 178.57%.

Wall Street Analyst Weigh In

KIM has been the topic of several research analyst reports. Evercore ISI cut their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Scotiabank reduced their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Mizuho dropped their target price 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. Wells Fargo & Company cut 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 research note on Wednesday, March 26th. Finally, Citigroup decreased their price target on shares of 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 given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.75.

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.