Bryn Mawr Capital Management LLC Acquires Shares of 203,358 Kimco Realty Corp (NYSE:KIM)

Bryn Mawr Capital Management LLC bought a new stake in Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 203,358 shares of the real estate investment trust’s stock, valued at approximately $4,765,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Planning increased its stake in shares of Kimco Realty by 3.5% in the third quarter. Creative Planning now owns 51,130 shares of the real estate investment trust’s stock worth $1,187,000 after buying an additional 1,740 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Kimco Realty during the 3rd quarter worth $276,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kimco Realty by 24.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,370 shares of the real estate investment trust’s stock worth $2,052,000 after purchasing an additional 17,734 shares during the last quarter. abrdn plc raised its stake in shares of Kimco Realty by 8.1% in the 3rd quarter. abrdn plc now owns 1,316,266 shares of the real estate investment trust’s stock valued at $30,439,000 after purchasing an additional 98,729 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Kimco Realty by 20.8% during the third quarter. Farther Finance Advisors LLC now owns 8,283 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 1,426 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 0.3 %

Shares of NYSE:KIM opened at $21.86 on Wednesday. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The company has a market cap of $14.73 billion, a PE ratio of 39.03, a P/E/G ratio of 2.78 and a beta of 1.50. The company’s 50-day moving average price is $22.56 and its 200 day moving average price is $23.39.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Sell-side analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.58%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KIM. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Evercore ISI reduced their price objective on 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. UBS Group lifted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank increased their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.57.

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.