Kimco Realty Corp (NYSE:KIM) Shares Bought by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 14.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,560 shares of the real estate investment trust’s stock after purchasing an additional 2,537 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Kimco Realty were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in KIM. State Street Corp increased its position in Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after buying an additional 882,047 shares during the period. FMR LLC grew its position in shares of Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after acquiring an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kimco Realty by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after acquiring an additional 53,378 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Kimco Realty by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after purchasing an additional 405,685 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock valued at $145,420,000 after purchasing an additional 5,598,091 shares during the period. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Scotiabank lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Evercore ISI decreased their price target on 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 Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target on the stock. in a report on Friday, December 20th. Finally, Mizuho upped their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.97.

Kimco Realty Trading Down 0.2 %

Shares of NYSE:KIM opened at $22.37 on Monday. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.92 and a beta of 1.50. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The company has a 50 day moving average price of $23.22 and a 200 day moving average price of $23.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. On average, research analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 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.