National Bank of Canada FI Buys 37,301 Shares of Kimco Realty Corp (NYSE:KIM)

National Bank of Canada FI lifted its position in shares of Kimco Realty Corp (NYSE:KIM) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,646 shares of the real estate investment trust’s stock after acquiring an additional 37,301 shares during the quarter. National Bank of Canada FI’s holdings in Kimco Realty were worth $7,677,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in shares of Kimco Realty by 4.3% in the third quarter. Rockefeller Capital Management L.P. now owns 23,827 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 988 shares during the period. Captrust Financial Advisors grew its holdings in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 482 shares during the last quarter. Holocene Advisors LP acquired a new position in Kimco Realty in the 3rd quarter valued at approximately $303,000. Investment Management Corp of Ontario raised its stake in shares of Kimco Realty by 49.5% during the third quarter. Investment Management Corp of Ontario now owns 22,362 shares of the real estate investment trust’s stock valued at $519,000 after acquiring an additional 7,400 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Kimco Realty during the third quarter worth $1,074,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 3.7 %

KIM opened at $19.33 on Friday. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. 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 company’s 50-day moving average is $21.57 and its 200 day moving average is $23.01. The firm has a market capitalization of $13.14 billion, a P/E ratio of 34.52, a PEG ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM) last announced its 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 return on equity of 3.82% and a net margin of 20.17%. Research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given 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 is presently 178.57%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Citigroup decreased their price objective 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 lowered their price objective on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Scotiabank lowered their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus 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.