NEOS Investment Management LLC Has $857,000 Stake in Kimco Realty Corp (NYSE:KIM)

NEOS Investment Management LLC boosted its position in Kimco Realty Corp (NYSE:KIM) by 31.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,583 shares of the real estate investment trust’s stock after acquiring an additional 8,709 shares during the quarter. NEOS Investment Management LLC’s holdings in Kimco Realty were worth $857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KIM. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty during the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC increased its stake in shares of Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,104 shares during the last quarter. Quarry LP bought a new stake in shares of Kimco Realty in the third quarter valued at $51,000. CoreFirst Bank & Trust bought a new stake in Kimco Realty in the 4th quarter valued at about $76,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Kimco Realty in the fourth quarter valued at approximately $77,000. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

KIM has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Evercore ISI cut their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. JPMorgan Chase & Co. lowered 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 report on Tuesday, February 18th. Citigroup reduced their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Scotiabank dropped their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $24.43.

Kimco Realty Stock Performance

Shares of KIM stock opened at $20.94 on Monday. 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 fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company has a market capitalization of $14.23 billion, a P/E ratio of 37.38, a PEG ratio of 2.78 and a beta of 1.53. The stock has a 50 day moving average price of $21.76 and a two-hundred day moving average price of $23.12.

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

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.78%. Kimco Realty’s payout ratio is presently 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.