Bryn Mawr Capital Management LLC Buys New Stake in Kimco Realty Corp (NYSE:KIM)

Bryn Mawr Capital Management LLC bought a new stake in Kimco Realty Corp (NYSE:KIM) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,590 shares of the real estate investment trust’s stock, valued at approximately $178,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in Kimco Realty in the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty in the 3rd quarter valued at $31,000. Brooklyn Investment Group acquired a new position in Kimco Realty in the 3rd quarter valued at $37,000. Quarry LP acquired a new position in Kimco Realty in the 3rd quarter valued at $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Kimco Realty in the 4th quarter valued at $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.5 %

Shares of Kimco Realty stock opened at $21.52 on Friday. The company has a fifty day moving average price of $22.61 and a 200 day moving average price of $23.38. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50.

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

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. Kimco Realty’s payout ratio is currently 178.57%.

Analyst Ratings Changes

Several research analysts have weighed in on KIM shares. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Evercore ISI cut their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, UBS Group upped their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.83.

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.