Deutsche Bank AG Increases Stake in Kimco Realty Corp (NYSE:KIM)

Deutsche Bank AG grew its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 94.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,177,662 shares of the real estate investment trust's stock after acquiring an additional 2,031,722 shares during the period. Deutsche Bank AG owned about 0.62% of Kimco Realty worth $97,883,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new position in Kimco Realty during the fourth quarter worth $363,436,000. Northern Trust Corp raised its position in Kimco Realty by 55.0% during the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after acquiring an additional 3,658,528 shares during the period. Federated Hermes Inc. raised its position in Kimco Realty by 90.5% during the fourth quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock worth $170,535,000 after acquiring an additional 3,457,435 shares during the period. Invesco Ltd. raised its position in Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after acquiring an additional 2,692,258 shares during the period. Finally, Amundi raised its position in Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after acquiring an additional 2,484,536 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KIM has been the subject of a number of research analyst reports. 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 research report on Wednesday, April 23rd. Raymond James dropped their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Monday, May 5th. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. cut their price objective 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. Finally, Citigroup dropped 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 report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.68.

Kimco Realty Stock Up 1.2%

Kimco Realty stock traded up $0.26 during trading on Thursday, reaching $21.36. The stock had a trading volume of 2,524,472 shares, compared to its average volume of 4,459,184. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The business has a 50 day moving average price of $20.55 and a 200 day moving average price of $22.38. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The stock has a market cap of $14.45 billion, a PE ratio of 38.14, a P/E/G ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The company's revenue was up 965.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.68%. Kimco Realty's payout ratio is currently 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.