Natixis Purchases New Holdings in Kimco Realty Corp (NYSE:KIM)

Natixis acquired a new position in Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 322,861 shares of the real estate investment trust’s stock, valued at approximately $7,565,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Summit Securities Group LLC bought a new position in Kimco Realty during the 4th quarter valued at approximately $26,000. Brown Brothers Harriman & Co. raised its position in shares of Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 575 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the 3rd quarter worth about $31,000. Headlands Technologies LLC purchased a new stake in Kimco Realty during the 4th quarter valued at about $45,000. Finally, Catalyst Capital Advisors LLC lifted its position in Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,104 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 2.1 %

KIM stock opened at $20.58 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83. The business has a 50 day simple moving average of $20.94 and a two-hundred day simple moving average of $22.73. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate 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 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.86%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KIM. Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Evercore ISI dropped their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. dropped their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Scotiabank decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.75.

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.