Knights of Columbus Asset Advisors LLC Takes Position in Kimco Realty Corp (NYSE:KIM)

Knights of Columbus Asset Advisors LLC purchased a new stake in Kimco Realty Corp (NYSE:KIM) in the fourth quarter, Holdings Channel reports. The firm purchased 207,871 shares of the real estate investment trust’s stock, valued at approximately $4,870,000.

A number of other large investors have also made changes to their positions in KIM. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty in the third quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new position in Kimco Realty in the third quarter worth approximately $37,000. Quarry LP purchased a new position in Kimco Realty in the third quarter worth approximately $51,000. Catalyst Capital Advisors LLC grew its position in Kimco Realty by 102.9% in the fourth 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, Newbridge Financial Services Group Inc. purchased a new position in Kimco Realty in the fourth quarter worth approximately $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.6 %

KIM opened at $20.78 on Friday. The business’s 50-day simple moving average is $21.86 and its 200-day simple moving average is $23.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The stock has a market capitalization of $14.12 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

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

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KIM. JPMorgan Chase & Co. lowered their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Mizuho lowered their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Scotiabank lowered their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

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.