BI Asset Management Fondsmaeglerselskab A S Acquires 44,575 Shares of Kimco Realty Corp (NYSE:KIM)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Kimco Realty Corp (NYSE:KIM) by 309.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,001 shares of the real estate investment trust’s stock after purchasing an additional 44,575 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Kimco Realty were worth $1,382,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KIM. Summit Securities Group LLC bought a new position in Kimco Realty in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Kimco Realty in the 3rd quarter worth $31,000. Brown Brothers Harriman & Co. lifted its stake in shares of Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new stake in Kimco Realty during the fourth quarter valued at about $45,000. Finally, Catalyst Capital Advisors LLC grew its stake in Kimco Realty by 102.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,104 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $20.44 on Wednesday. The company has a 50 day simple moving average of $20.86 and a two-hundred day simple moving average of $22.70. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.78 and a beta of 1.25. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (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%. As a group, analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of recent analyst reports. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Scotiabank cut their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Citigroup dropped 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, Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus price target of $24.75.

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.