Kentucky Trust Co Takes Position in Kimco Realty Corp (NYSE:KIM)

Kentucky Trust Co bought a new stake in Kimco Realty Corp (NYSE:KIM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,924 shares of the real estate investment trust’s stock, valued at approximately $889,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty during the 3rd quarter valued at approximately $31,000. Brooklyn Investment Group bought a new stake in shares of Kimco Realty during the 3rd quarter valued at approximately $37,000. Quarry LP bought a new stake in shares of Kimco Realty during the 3rd quarter valued at approximately $51,000. Finally, Castleview Partners LLC bought a new stake in shares of Kimco Realty during the 3rd quarter valued at approximately $77,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Up 1.0 %

NYSE:KIM opened at $22.36 on Wednesday. The firm’s fifty day moving average is $23.15 and its 200-day moving average is $23.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The firm has a market cap of $15.07 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released 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 net margin of 19.58% and a return on equity of 3.68%. Equities analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Announces Dividend

The business 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 dividend of $0.25 per share. 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 4.47%. Kimco Realty’s payout ratio is presently 181.82%.

Analysts Set New Price Targets

KIM has been the topic of several research reports. Mizuho lifted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. 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 report on Monday, November 25th. UBS Group boosted their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company reduced their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Friday, December 20th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.97.

About Kimco Realty

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.