Y Intercept Hong Kong Ltd Buys New Holdings in Kimco Realty Corp (NYSE:KIM)

Y Intercept Hong Kong Ltd purchased a new position in shares of Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,225 shares of the real estate investment trust’s stock, valued at approximately $380,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after buying an additional 5,598,091 shares during the last quarter. FMR LLC lifted its position in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after acquiring an additional 1,283,352 shares during the last quarter. State Street Corp lifted its position in Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after acquiring an additional 882,047 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Kimco Realty during the third quarter worth approximately $17,636,000. Finally, KBC Group NV grew its position in shares of Kimco Realty by 408.7% in the third quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust’s stock valued at $15,556,000 after purchasing an additional 538,232 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KIM shares. Evercore ISI reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Mizuho cut their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company reduced their price target 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. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.43.

Kimco Realty Price Performance

KIM stock opened at $22.04 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The business has a 50-day simple moving average of $22.39 and a two-hundred day simple moving average of $23.39. The company has a market capitalization of $14.98 billion, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.

Kimco Realty (NYSE:KIM) last announced 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 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid 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 4.54%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

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.