Kimco Realty Corp (NYSE:KIM) Shares Acquired by Resolution Capital Ltd

Resolution Capital Ltd increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 13.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,578,826 shares of the real estate investment trust’s stock after acquiring an additional 1,992,550 shares during the period. Kimco Realty makes up approximately 7.0% of Resolution Capital Ltd’s holdings, making the stock its 6th largest holding. Resolution Capital Ltd’s holdings in Kimco Realty were worth $388,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KIM. ProShare Advisors LLC increased its position in shares of Kimco Realty by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 122,765 shares of the real estate investment trust’s stock worth $2,876,000 after acquiring an additional 8,336 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Kimco Realty by 45.9% during the 4th quarter. Quantinno Capital Management LP now owns 53,586 shares of the real estate investment trust’s stock worth $1,256,000 after purchasing an additional 16,855 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in shares of Kimco Realty in the 4th quarter valued at approximately $233,000. Man Group plc purchased a new position in shares of Kimco Realty during the 4th quarter valued at approximately $582,000. Finally, Nissay Asset Management Corp Japan ADV grew its position in shares of Kimco Realty by 2.2% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 178,325 shares of the real estate investment trust’s stock worth $4,167,000 after buying an additional 3,799 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KIM. Citigroup cut their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Raymond James cut their target price on shares of Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Scotiabank reduced their target price 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. Finally, Mizuho reduced their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Nine investment 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 has a consensus rating of “Moderate Buy” and an average price target of $24.68.

Kimco Realty Trading Down 1.7%

NYSE:KIM opened at $21.09 on Thursday. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.78 and a beta of 1.26. 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 Corp has a 1 year low of $17.93 and a 1 year high of $25.83. The business has a fifty day moving average of $20.55 and a 200-day moving average of $22.38.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $536.62 million during the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Kimco Realty’s revenue was up 965.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. Equities analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, June 6th. Kimco Realty’s dividend payout ratio is presently 129.87%.

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.