Nomura Holdings Inc. Buys Shares of 100,473 Kimco Realty Corp (NYSE:KIM)

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

Other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Kimco Realty during the fourth quarter valued at about $26,000. Brown Brothers Harriman & Co. increased its stake in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 575 shares during the period. Headlands Technologies LLC bought a new stake in shares of Kimco Realty during the 4th quarter worth about $45,000. Catalyst Capital Advisors LLC lifted its stake in shares of Kimco Realty by 102.9% in 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. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Kimco Realty in the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of several recent analyst reports. 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 report on Wednesday, March 26th. Raymond James lowered their price target on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. Scotiabank cut their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Mizuho dropped their price target 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. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.68.

Kimco Realty Trading Down 0.3%

KIM stock traded down $0.05 during mid-day trading on Thursday, reaching $20.56. 674,121 shares of the stock traded hands, compared to its average volume of 4,462,985. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The stock's fifty day moving average is $20.61 and its 200-day moving average is $22.29. The company has a market cap of $13.91 billion, a P/E ratio of 36.67, a P/E/G ratio of 2.78 and a beta of 1.26. 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 released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm's revenue was up 965.3% compared to the same quarter last year. As a group, sell-side analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.86%. 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.