Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Kimco Realty Corp (NYSE:KIM)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 25.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 611,760 shares of the real estate investment trust’s stock after purchasing an additional 124,076 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Kimco Realty worth $14,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KIM. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty in the 3rd quarter worth approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty in the 3rd quarter worth approximately $37,000. Quarry LP acquired a new position in shares of Kimco Realty in the 3rd quarter worth approximately $51,000. Catalyst Capital Advisors LLC grew its position in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Kimco Realty in the 4th quarter worth approximately $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 1.2 %

Shares of KIM stock opened at $20.87 on Thursday. 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 1 year low of $17.57 and a 1 year high of $25.83. The stock has a fifty day moving average of $22.09 and a two-hundred day moving average of $23.32. The firm has a market capitalization of $14.18 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

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

Kimco Realty Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 178.57%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KIM. Evercore ISI decreased their target price on 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. Scotiabank reduced their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company reduced their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Mizuho reduced their price objective 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. Ten 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.