Raymond James Financial Inc. purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 105,751 shares of the real estate investment trust's stock, valued at approximately $2,478,000.
Other hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in shares of Kimco Realty in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the third quarter valued at $31,000. Brown Brothers Harriman & Co. increased its holdings in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock worth $31,000 after buying an additional 575 shares in the last quarter. Headlands Technologies LLC purchased a new position in Kimco Realty in the 4th quarter worth about $45,000. Finally, Catalyst Capital Advisors LLC lifted its stake in Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,104 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
KIM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Scotiabank lowered their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Mizuho cut their price objective 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 downgraded Kimco Realty from a "buy" rating to a "hold" rating and lowered their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.68.
Get Our Latest Research Report on Kimco Realty
Kimco Realty Trading Down 2.0 %
KIM stock opened at $20.09 on Wednesday. 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 company has a market capitalization of $13.65 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 2.78 and a beta of 1.25. The business has a 50 day simple moving average of $20.73 and a two-hundred day simple moving average of $22.61. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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 anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.
Kimco Realty Profile
(
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.
Further Reading
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