Nomura Holdings Inc. Takes Position in Kimco Realty Corp (NYSE:KIM)

Nomura Holdings Inc. bought a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 100,473 shares of the real estate investment trust's stock, valued at approximately $2,354,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in shares of Kimco Realty by 33.9% in the 4th quarter. Millennium Management LLC now owns 989,701 shares of the real estate investment trust's stock valued at $23,189,000 after purchasing an additional 250,718 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Kimco Realty by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,982 shares of the real estate investment trust's stock valued at $1,640,000 after acquiring an additional 2,590 shares during the last quarter. Janus Henderson Group PLC raised its stake in Kimco Realty by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 72,643 shares of the real estate investment trust's stock valued at $1,702,000 after acquiring an additional 1,545 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in Kimco Realty by 5,522.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 687,519 shares of the real estate investment trust's stock valued at $16,109,000 after acquiring an additional 675,291 shares during the last quarter. Finally, Kettle Hill Capital Management LLC raised its stake in Kimco Realty by 180.9% during the 4th quarter. Kettle Hill Capital Management LLC now owns 1,409,811 shares of the real estate investment trust's stock valued at $33,032,000 after acquiring an additional 907,929 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on KIM shares. 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 note on Monday, March 17th. Mizuho reduced their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Scotiabank reduced their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Raymond James reduced their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. Finally, Wells Fargo & Company dropped their target price 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. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Stock Performance

NYSE KIM opened at $21.70 on Friday. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The business's 50 day moving average is $20.57 and its two-hundred day moving average is $22.35. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.78 and a beta of 1.26.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio is currently 129.87%.

Kimco Realty 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.

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