Kimco Realty Corp (NYSE:KIM) Shares Acquired by Amundi

Amundi grew its holdings in Kimco Realty Corp (NYSE:KIM) by 70.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,999,390 shares of the real estate investment trust’s stock after purchasing an additional 2,484,536 shares during the period. Amundi owned approximately 0.89% of Kimco Realty worth $132,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of KIM. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the 3rd quarter worth about $31,000. Brooklyn Investment Group acquired a new position in Kimco Realty during the 3rd quarter worth about $37,000. Quarry LP acquired a new position in Kimco Realty during the 3rd quarter worth about $51,000. 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 worth $51,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Kimco Realty during the 4th quarter worth about $77,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on KIM. Mizuho decreased their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank cut their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Ten research 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.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average target price of $24.43.

Kimco Realty Trading Down 0.7 %

KIM opened at $21.28 on Tuesday. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The company has a market cap of $14.46 billion, a P/E ratio of 37.99, a PEG ratio of 2.78 and a beta of 1.53. 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 business’s 50-day simple moving average is $22.19 and its 200-day simple moving average is $23.35.

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, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.70%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

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.