Newbridge Financial Services Group Inc. Makes New Investment in Kimco Realty Corp (NYSE:KIM)

Newbridge Financial Services Group Inc. acquired a new stake in Kimco Realty Corp (NYSE:KIM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,302 shares of the real estate investment trust’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new stake in Kimco Realty during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Kimco Realty in the third quarter valued at about $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty during the 3rd quarter worth about $37,000. Quarry LP bought a new stake in shares of Kimco Realty during the 3rd quarter worth about $51,000. Finally, Castleview Partners LLC acquired a new position in Kimco Realty in the 3rd quarter valued at about $77,000. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KIM has been the subject of several research reports. UBS Group raised their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company dropped their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Evercore ISI decreased their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Scotiabank lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Friday, December 20th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.97.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $22.16 on Tuesday. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The company’s 50 day simple moving average is $23.22 and its 200 day simple moving average is $23.37.

Kimco Realty (NYSE:KIM) last issued its quarterly 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 3.68% and a net margin of 19.58%. As a group, research analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued 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 dividend yield of 4.51%. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

Kimco Realty Company 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.