UniSuper Management Pty Ltd Raises Position in Kimco Realty Corp (NYSE:KIM)

UniSuper Management Pty Ltd grew its stake in shares of Kimco Realty Corp (NYSE:KIM) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277,080 shares of the real estate investment trust’s stock after buying an additional 14,806 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Kimco Realty were worth $6,492,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty in the third quarter worth approximately $37,000. Quarry LP purchased a new position in shares of Kimco Realty in the third quarter worth $51,000. Catalyst Capital Advisors LLC raised its stake in shares of Kimco Realty by 102.9% during 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 acquiring an additional 1,104 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Kimco Realty during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KIM shares. Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Mizuho cut their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Citigroup reduced their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of 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, Wells Fargo & Company reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Stock Down 1.0 %

KIM stock opened at $21.01 on Friday. The business has a 50 day moving average of $21.79 and a 200 day moving average of $23.14. The firm has a market cap of $14.27 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month 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.

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

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

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.