Marshall Wace LLP Acquires 650,440 Shares of Kimco Realty Corp (NYSE:KIM)

Marshall Wace LLP boosted its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 3,276.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 670,292 shares of the real estate investment trust's stock after acquiring an additional 650,440 shares during the quarter. Marshall Wace LLP owned 0.10% of Kimco Realty worth $15,705,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KIM. Norges Bank bought a new position in shares of Kimco Realty in the 4th quarter worth approximately $363,436,000. Federated Hermes Inc. boosted its stake in shares of Kimco Realty by 90.5% during the 4th 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 last quarter. Invesco Ltd. grew its position in shares of Kimco Realty by 18.3% during 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 acquiring an additional 2,692,258 shares during the period. Amundi raised its holdings in Kimco Realty by 70.7% in the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after purchasing an additional 2,484,536 shares during the period. Finally, Schroder Investment Management Group lifted its position in Kimco Realty by 348.9% during the fourth quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock valued at $72,353,000 after purchasing an additional 2,420,884 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

Kimco Realty Trading Down 0.3 %

Shares of KIM traded down $0.06 during mid-day trading on Friday, reaching $20.37. 4,938,678 shares of the company's stock traded hands, compared to its average volume of 4,395,766. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock's 50-day moving average is $20.78 and its two-hundred day moving average is $22.65. 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 $13.84 billion, a P/E ratio of 36.38, a P/E/G ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM - Get Free Report) last released 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 return on equity of 3.82% and a net margin of 20.17%. Research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. Kimco Realty's dividend payout ratio is currently 178.57%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KIM. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho lowered 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 note on Tuesday, February 25th. Scotiabank cut their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday. Wells Fargo & Company decreased 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. Finally, Citigroup cut their target price on 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 investment 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 company. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Company 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.