Kimco Realty Corp (NYSE:KIM) Shares Bought by Bank of Montreal Can

Bank of Montreal Can lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673,139 shares of the real estate investment trust’s stock after acquiring an additional 12,361 shares during the quarter. Bank of Montreal Can’s holdings in Kimco Realty were worth $15,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KIM. Norges Bank acquired a new stake in Kimco Realty in the fourth quarter valued at $363,436,000. Federated Hermes Inc. boosted its position in shares of Kimco Realty by 90.5% in the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust’s stock worth $170,535,000 after buying an additional 3,457,435 shares in the last quarter. Amundi grew its stake in Kimco Realty by 70.7% in the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock valued at $132,227,000 after acquiring an additional 2,484,536 shares during the last quarter. Schroder Investment Management Group increased its holdings in Kimco Realty by 348.9% during the 4th quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust’s stock valued at $72,353,000 after acquiring an additional 2,420,884 shares in the last quarter. Finally, FMR LLC raised its position in Kimco Realty by 7.9% during the fourth quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust’s stock worth $564,560,000 after acquiring an additional 1,755,684 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KIM shares. JPMorgan Chase & Co. dropped 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 note on Tuesday, February 18th. Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Evercore ISI reduced their price objective 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. Citigroup dropped their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Mizuho cut their target price 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. Nine 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 company. According to MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.75.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $20.11 on Friday. The business has a 50-day moving average of $21.14 and a two-hundred day moving average of $22.83. The firm has a market capitalization of $13.66 billion, a PE ratio of 35.91, a P/E/G ratio of 2.78 and a beta of 1.25. 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 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM) last posted its 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 net margin of 20.17% and a return on equity of 3.82%. As a group, research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.97%. Kimco Realty’s payout ratio is 178.57%.

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.