ING Groep NV Purchases 187,938 Shares of Kimco Realty Corp (NYSE:KIM)

ING Groep NV boosted its position in Kimco Realty Corp (NYSE:KIM) by 125.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 337,694 shares of the real estate investment trust’s stock after buying an additional 187,938 shares during the quarter. ING Groep NV’s holdings in Kimco Realty were worth $7,912,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. FMR LLC increased its holdings in shares of Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after acquiring an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock valued at $398,468,000 after acquiring an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after acquiring an additional 405,685 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock valued at $145,420,000 after acquiring an additional 5,598,091 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.5 %

Shares of NYSE:KIM opened at $21.52 on Friday. The stock has a market capitalization of $14.50 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.77 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The stock’s 50-day simple moving average is $22.67 and its two-hundred day simple moving average is $23.37. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (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%. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.65%. Kimco Realty’s payout ratio is 178.57%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. UBS Group raised their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank raised their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Mizuho raised their price target on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

Kimco Realty Company 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.