Jones Financial Companies Lllp Purchases 1,592 Shares of Kimco Realty Corp (NYSE:KIM)

Jones Financial Companies Lllp increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 50.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,754 shares of the real estate investment trust’s stock after purchasing an additional 1,592 shares during the quarter. Jones Financial Companies Lllp’s holdings in Kimco Realty were worth $111,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Captrust Financial Advisors grew its stake 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 purchasing an additional 482 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 565 shares during the last quarter. Savant Capital LLC grew its stake in shares of Kimco Realty by 4.4% during the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 611 shares during the last quarter. Ieq Capital LLC grew its stake in shares of Kimco Realty by 5.4% during the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 853 shares during the last quarter. Finally, Values First Advisors Inc. grew its stake in shares of Kimco Realty by 3.6% during the fourth quarter. Values First Advisors Inc. now owns 27,091 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 942 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Up 2.2 %

KIM opened at $20.57 on Friday. The firm’s fifty day moving average is $21.98 and its two-hundred day moving average is $23.28. 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 firm has a market cap of $13.97 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued 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 4.86%. Kimco Realty’s payout ratio is 178.57%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Scotiabank decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Mizuho reduced their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Evercore ISI reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price 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.