New Age Alpha Advisors LLC Buys Shares of 213,657 Kimco Realty Corp (NYSE:KIM)

New Age Alpha Advisors LLC bought a new position in Kimco Realty Corp (NYSE:KIM) in the 4th quarter, HoldingsChannel reports. The fund bought 213,657 shares of the real estate investment trust’s stock, valued at approximately $5,006,000.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in Kimco Realty by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock worth $28,868,000 after purchasing an additional 12,705 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $17,636,000. B&I Capital AG boosted its holdings in shares of Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock valued at $11,945,000 after acquiring an additional 62,100 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Kimco Realty by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after acquiring an additional 3,614 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Kimco Realty during the fourth quarter valued at approximately $1,045,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of Kimco Realty stock opened at $20.94 on Friday. The firm has a fifty day moving average price of $21.76 and a two-hundred day moving average price of $23.12. The company has a market cap of $14.23 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. 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 fifty-two week low of $17.57 and a fifty-two week high of $25.83.

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

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a dividend yield of 4.78%. Kimco Realty’s payout ratio is 178.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KIM shares. 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. Citigroup lowered their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Evercore ISI decreased their price target on shares of 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. Finally, Mizuho decreased their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.43.

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.