Thrivent Financial for Lutherans Boosts Stock Position in Kimco Realty Corp (NYSE:KIM)

Thrivent Financial for Lutherans grew its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 20.3% in the 4th quarter, HoldingsChannel reports. The firm owned 311,060 shares of the real estate investment trust’s stock after acquiring an additional 52,467 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kimco Realty were worth $7,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Cibc World Markets Corp increased its holdings in Kimco Realty by 12.2% during the fourth quarter. Cibc World Markets Corp now owns 302,477 shares of the real estate investment trust’s stock worth $7,087,000 after buying an additional 32,855 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Kimco Realty by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 539 shares during the last quarter. AGF Management Ltd. raised its holdings in shares of Kimco Realty by 1.5% in the 4th quarter. AGF Management Ltd. now owns 121,921 shares of the real estate investment trust’s stock worth $2,857,000 after purchasing an additional 1,806 shares during the period. GC Wealth Management RIA LLC lifted its stake in Kimco Realty by 9.9% in the fourth quarter. GC Wealth Management RIA LLC now owns 13,914 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 1,252 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kimco Realty by 25.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 611,760 shares of the real estate investment trust’s stock valued at $14,334,000 after purchasing an additional 124,076 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Performance

NYSE:KIM opened at $20.78 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 firm has a market cap of $14.12 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The business has a 50 day moving average price of $21.86 and a 200-day moving average price of $23.19.

Kimco Realty (NYSE:KIM) last announced 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 net margin of 20.17% and a return on equity of 3.82%. Equities research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

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 was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.81%. Kimco Realty’s payout ratio is presently 178.57%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Scotiabank dropped their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Citigroup dropped their price target on shares of 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, JPMorgan Chase & Co. dropped their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

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.