Schroder Investment Management Group Has $72.35 Million Position in Kimco Realty Corp (NYSE:KIM)

Schroder Investment Management Group lifted its holdings in Kimco Realty Corp (NYSE:KIM) by 348.9% during the fourth quarter, HoldingsChannel reports. The firm owned 3,114,647 shares of the real estate investment trust’s stock after purchasing an additional 2,420,884 shares during the period. Schroder Investment Management Group’s holdings in Kimco Realty were worth $72,353,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp increased its position in Kimco Realty by 2.0% in the 3rd 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. Geode Capital Management LLC boosted its position in shares of Kimco Realty by 0.3% in the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock valued at $398,468,000 after acquiring an additional 53,378 shares during the period. Norges Bank acquired a new stake in shares of Kimco Realty in the fourth quarter worth $363,436,000. Charles Schwab Investment Management Inc. increased its position in Kimco Realty by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust’s stock worth $224,496,000 after acquiring an additional 101,293 shares during the period. Finally, Amundi raised its stake in Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock valued at $132,227,000 after purchasing an additional 2,484,536 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE:KIM opened at $21.26 on Tuesday. The firm has a market cap of $14.44 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The company’s 50-day moving average price is $21.74 and its two-hundred day moving average price is $23.10. 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 Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.70%. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Mizuho dropped their price objective 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. Wells Fargo & Company lowered their price target 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. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Scotiabank lowered their price objective 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. Finally, Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and an average price target of $24.43.

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.