Marshall Wace LLP Purchases 650,440 Shares of Kimco Realty Corp (NYSE:KIM)

Marshall Wace LLP boosted its position in shares of Kimco Realty Corp (NYSE:KIM) by 3,276.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 670,292 shares of the real estate investment trust’s stock after acquiring an additional 650,440 shares during the quarter. Marshall Wace LLP owned 0.10% of Kimco Realty worth $15,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KIM. Gamco Investors INC. ET AL raised its holdings in shares of Kimco Realty by 45.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 81,887 shares of the real estate investment trust’s stock valued at $1,919,000 after purchasing an additional 25,687 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in Kimco Realty during the fourth quarter worth approximately $202,000. Walleye Capital LLC bought a new stake in Kimco Realty in the fourth quarter valued at approximately $233,000. Mariner LLC lifted its position in shares of Kimco Realty by 51.6% in the fourth quarter. Mariner LLC now owns 114,457 shares of the real estate investment trust’s stock valued at $2,682,000 after buying an additional 38,964 shares during the last quarter. Finally, Advisors Capital Management LLC boosted its stake in shares of Kimco Realty by 1.4% during the 4th quarter. Advisors Capital Management LLC now owns 172,926 shares of the real estate investment trust’s stock worth $4,052,000 after acquiring an additional 2,418 shares during the period. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 2.1 %

Shares of NYSE KIM opened at $20.58 on Monday. The stock has a market capitalization of $13.98 billion, a P/E ratio of 36.75, a PEG ratio of 2.78 and a beta of 1.25. The stock’s fifty day moving average is $20.94 and its 200 day moving average is $22.73. Kimco Realty Corp has a 52 week low of $17.93 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.

Kimco Realty (NYSE:KIM) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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%. Sell-side analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on KIM shares. Citigroup cut their price target on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Wells Fargo & Company reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. 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 note on Friday, February 28th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Mizuho lowered their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus 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.