Vinva Investment Management Ltd Acquires New Shares in Kimco Realty Corp (NYSE:KIM)

Vinva Investment Management Ltd acquired a new stake in shares of Kimco Realty Corp (NYSE:KIM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,891 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Several other institutional investors also recently modified their holdings of the business. Captrust Financial Advisors boosted its position in shares of Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 482 shares during the last quarter. Keybank National Association OH boosted its position in shares of Kimco Realty by 4.0% during the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 496 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Kimco Realty by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 539 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Kimco Realty by 2.5% in the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 565 shares during the last quarter. Finally, Savant Capital LLC boosted its position in Kimco Realty by 4.4% in the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 611 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.6 %

Shares of KIM opened at $20.78 on Friday. The business’s 50 day moving average is $21.86 and its 200 day moving average is $23.19. The company has a market capitalization of $14.12 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. 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 (NYSE:KIM) last issued its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Analyst Ratings Changes

Several research analysts have issued reports on KIM shares. Mizuho dropped their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Scotiabank dropped their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, Evercore ISI lowered 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. Ten equities research analysts have rated the stock with a hold rating, four have given 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 target price of $24.50.

About Kimco Realty

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.