Natixis Purchases Shares of 322,861 Kimco Realty Corp (NYSE:KIM)

Natixis bought a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 322,861 shares of the real estate investment trust's stock, valued at approximately $7,565,000.

Several other large investors have also modified their holdings of the stock. FMR LLC grew its holdings in shares of Kimco Realty by 7.9% during 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 period. Geode Capital Management LLC increased its position in shares of 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. raised its stake 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 valued at $407,301,000 after buying an additional 2,692,258 shares in the last quarter. Norges Bank acquired a new stake in shares of Kimco Realty during the 4th quarter valued at approximately $363,436,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Kimco Realty by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,243,843 shares of the real estate investment trust's stock worth $240,010,000 after buying an additional 134,634 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

KIM traded down $0.06 on Friday, hitting $20.37. The company had a trading volume of 4,938,678 shares, compared to its average volume of 4,395,766. The company's fifty day moving average price is $20.78 and its 200 day moving average price is $22.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Equities analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup reduced their price objective 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. Wells Fargo & Company lowered their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Mizuho reduced their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Nine investment 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, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average price target of $24.68.

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.