Victory Capital Management Inc. Purchases 10,536 Shares of Kimco Realty Corp (NYSE:KIM)

Victory Capital Management Inc. grew its position in Kimco Realty Corp (NYSE:KIM) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 846,963 shares of the real estate investment trust’s stock after buying an additional 10,536 shares during the period. Victory Capital Management Inc. owned 0.13% of Kimco Realty worth $19,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its stake in Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. FMR LLC lifted its stake in shares of 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 buying an additional 1,283,352 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after buying an additional 53,378 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimco Realty by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust’s stock valued at $224,496,000 after buying an additional 101,293 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kimco Realty by 842.3% in 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 valued at $145,420,000 after acquiring an additional 5,598,091 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on KIM shares. Mizuho lowered their price target 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. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Wells Fargo & Company cut their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Evercore ISI reduced their price target 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Ten 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.43.

Kimco Realty Stock Down 2.9 %

KIM opened at $20.66 on Wednesday. The company has a fifty day moving average of $22.14 and a two-hundred day moving average of $23.33. 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 fifty-two week low of $17.57 and a fifty-two week high of $25.83. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 2.78 and a beta of 1.53.

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

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

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.