11,349 Shares in Kimco Realty Corp (NYSE:KIM) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda bought a new position in shares of Kimco Realty Corp (NYSE:KIM) during the fourth quarter, HoldingsChannel.com reports. The firm bought 11,349 shares of the real estate investment trust’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its stake in shares of Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock valued at $28,868,000 after acquiring an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Kimco Realty in the 3rd quarter valued at about $17,636,000. B&I Capital AG raised its position in Kimco Realty by 13.9% in the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock valued at $11,945,000 after purchasing an additional 62,100 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after buying an additional 3,614 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in shares of Kimco Realty during the fourth quarter worth about $610,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 2.0 %

Shares of Kimco Realty stock opened at $20.09 on Wednesday. The firm has a market cap of $13.65 billion, a PE ratio of 35.88, a P/E/G ratio of 2.78 and a beta of 1.25. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83. The business’s fifty day moving average is $20.73 and its two-hundred day moving average is $22.61.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.98%. Kimco Realty’s payout ratio is 178.57%.

Analyst Ratings Changes

KIM has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price target on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Scotiabank dropped their price objective on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Nine 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.68.

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.