Retirement Systems of Alabama Buys 3,999 Shares of Kimco Realty Corp (NYSE:KIM)

Retirement Systems of Alabama boosted its position in Kimco Realty Corp (NYSE:KIM) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 535,795 shares of the real estate investment trust’s stock after purchasing an additional 3,999 shares during the quarter. Retirement Systems of Alabama owned approximately 0.08% of Kimco Realty worth $12,554,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 during the last quarter. FMR LLC lifted its holdings in shares of Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. State Street Corp boosted its position in shares of Kimco Realty by 2.0% in the 3rd 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. Lord Abbett & CO. LLC purchased a new position in Kimco Realty during the 3rd quarter worth $17,636,000. Finally, KBC Group NV increased its position in Kimco Realty by 408.7% during the 3rd quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust’s stock valued at $15,556,000 after buying an additional 538,232 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.2 %

Kimco Realty stock opened at $22.37 on Friday. The stock has a market capitalization of $15.08 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 2.91 and a beta of 1.50. The business has a 50 day simple moving average of $23.28 and a 200-day simple moving average of $23.33. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

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 for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. On average, analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Scotiabank boosted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Finally, Robert W. Baird raised their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Ten 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.97.

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.