Schroder Investment Management Group Increases Stock Position in Kimco Realty Corp (NYSE:KIM)

Schroder Investment Management Group increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 348.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,114,647 shares of the real estate investment trust’s stock after buying an additional 2,420,884 shares during the period. Schroder Investment Management Group owned about 0.46% of Kimco Realty worth $72,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Kimco Realty by 2.0% during 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 during the last quarter. Geode Capital Management LLC grew its position 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 worth $398,468,000 after buying an additional 53,378 shares in the last quarter. Norges Bank bought a new stake in shares of Kimco Realty in the fourth quarter worth $363,436,000. Charles Schwab Investment Management Inc. raised its holdings in Kimco Realty by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust’s stock valued at $224,496,000 after acquiring an additional 101,293 shares in the last quarter. Finally, Amundi boosted its stake in Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock valued at $132,227,000 after acquiring an additional 2,484,536 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

KIM stock opened at $21.26 on Tuesday. The stock has a market cap of $14.44 billion, a P/E ratio of 37.96, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. 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 firm has a 50 day simple moving average of $21.74 and a 200 day simple moving average of $23.10.

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, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Research analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.70%. Kimco Realty’s payout ratio is currently 178.57%.

Analysts Set New Price Targets

KIM has been the subject of several research analyst reports. 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 report on Tuesday, February 18th. Scotiabank cut their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Mizuho cut their target price 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. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their target price on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.43.

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.