National Pension Service Purchases 1,053,992 Shares of Kimco Realty Corp (NYSE:KIM)

National Pension Service increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 4,342.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,078,262 shares of the real estate investment trust’s stock after acquiring an additional 1,053,992 shares during the period. National Pension Service’s holdings in Kimco Realty were worth $25,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Kimco Realty by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,953,320 shares of the real estate investment trust’s stock worth $139,486,000 after acquiring an additional 51,656 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Kimco Realty in the 4th quarter valued at about $380,000. ING Groep NV grew its position in shares of Kimco Realty by 125.5% in the 4th quarter. ING Groep NV now owns 337,694 shares of the real estate investment trust’s stock valued at $7,912,000 after buying an additional 187,938 shares during the last quarter. Ieq Capital LLC grew its position in shares of Kimco Realty by 5.4% in the 4th quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 853 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC bought a new stake in shares of Kimco Realty in the 4th quarter valued at about $178,000. Institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

KIM has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. UBS Group upped their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Mizuho reduced their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Finally, Scotiabank cut their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Trading Up 2.2 %

NYSE KIM opened at $22.09 on Friday. The business has a 50 day simple moving average of $22.42 and a 200 day simple moving average of $23.38. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The stock has a market capitalization of $15.01 billion, a P/E ratio of 39.44, a P/E/G ratio of 2.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

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 (EPS) for the quarter, hitting 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 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.53%. Kimco Realty’s payout ratio is currently 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.