Pinebridge Investments L.P. increased its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 7,712.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,878,591 shares of the real estate investment trust's stock after purchasing an additional 1,854,546 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.28% of Kimco Realty worth $44,015,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Kimco Realty by 3.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,306,409 shares of the real estate investment trust's stock worth $147,760,000 after purchasing an additional 204,665 shares during the last quarter. Hsbc Holdings PLC increased its stake in Kimco Realty by 5.7% in the 4th quarter. Hsbc Holdings PLC now owns 3,159,769 shares of the real estate investment trust's stock worth $73,985,000 after acquiring an additional 169,945 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Kimco Realty by 3.7% during the 4th quarter. Stifel Financial Corp now owns 74,776 shares of the real estate investment trust's stock worth $1,752,000 after acquiring an additional 2,659 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Kimco Realty by 1.3% during the 4th quarter. MetLife Investment Management LLC now owns 197,931 shares of the real estate investment trust's stock valued at $4,638,000 after acquiring an additional 2,461 shares during the last quarter. Finally, Natixis bought a new stake in Kimco Realty in the fourth quarter worth $7,565,000. 89.25% of the stock is owned by hedge funds and other institutional investors.
Kimco Realty Trading Down 0.2 %
KIM stock traded down $0.03 during mid-day trading on Monday, reaching $20.32. The company had a trading volume of 1,120,242 shares, compared to its average volume of 4,391,420. The firm has a 50 day moving average of $20.78 and a 200 day moving average of $22.64. 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 12 month low of $17.93 and a 12 month high of $25.83. The company has a market capitalization of $13.81 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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%. On average, equities analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.92%. The ex-dividend date was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.
Wall Street Analyst Weigh In
KIM has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Scotiabank dropped their target price 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. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Mizuho cut their price objective 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 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.68.
Check Out Our Latest Stock Analysis on Kimco Realty
About Kimco Realty
(
Free Report)
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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