Unigestion Holding SA Increases Holdings in Kimco Realty Corp (NYSE:KIM)

Unigestion Holding SA increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 20.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,632 shares of the real estate investment trust’s stock after purchasing an additional 5,871 shares during the period. Unigestion Holding SA’s holdings in Kimco Realty were worth $811,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty in the 3rd quarter worth approximately $31,000. Brown Brothers Harriman & Co. boosted its holdings in 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 valued at $31,000 after purchasing an additional 575 shares during the period. Headlands Technologies LLC purchased a new position in shares of Kimco Realty during the 4th quarter valued at $45,000. Finally, Quarry LP bought a new position in shares of Kimco Realty in the third quarter worth $51,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 3.7 %

Shares of KIM stock opened at $19.33 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The business has a 50-day moving average of $21.57 and a 200 day moving average of $23.01. The stock has a market capitalization of $13.14 billion, a PE ratio of 34.52, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM) last issued its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, sell-side analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KIM. Evercore ISI dropped their price target on 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. Citigroup dropped their target price on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Scotiabank lowered their price objective 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. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.75.

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.