Norinchukin Bank The Purchases 2,112 Shares of Kimco Realty Corp (NYSE:KIM)

Norinchukin Bank The raised its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,639 shares of the real estate investment trust’s stock after purchasing an additional 2,112 shares during the quarter. Norinchukin Bank The’s holdings in Kimco Realty were worth $1,421,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Kimco Realty by 309.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 59,001 shares of the real estate investment trust’s stock valued at $1,382,000 after purchasing an additional 44,575 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kimco Realty by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,243,843 shares of the real estate investment trust’s stock worth $240,010,000 after acquiring an additional 134,634 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of Kimco Realty by 21.3% in the fourth quarter. GeoWealth Management LLC now owns 35,552 shares of the real estate investment trust’s stock valued at $833,000 after purchasing an additional 6,250 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Kimco Realty by 4.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,098,338 shares of the real estate investment trust’s stock valued at $25,727,000 after purchasing an additional 45,328 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Kimco Realty by 3,276.4% during the fourth quarter. Marshall Wace LLP now owns 670,292 shares of the real estate investment trust’s stock worth $15,705,000 after purchasing an additional 650,440 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Up 2.1 %

Shares of KIM stock opened at $20.58 on Monday. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The business’s fifty day moving average is $20.94 and its 200 day moving average is $22.73. 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 company has a market capitalization of $13.98 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM) last issued its quarterly 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 return on equity of 3.82% and a net margin of 20.17%. On average, equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on KIM. Mizuho dropped their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Scotiabank lowered 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. Evercore ISI reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.75.

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.