Unigestion Holding SA Buys 5,871 Shares of Kimco Realty Corp (NYSE:KIM)

Unigestion Holding SA grew its stake in Kimco Realty Corp (NYSE:KIM) by 20.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,632 shares of the real estate investment trust’s stock after purchasing an additional 5,871 shares during the quarter. Unigestion Holding SA’s holdings in Kimco Realty were worth $811,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd raised its stake in Kimco Realty by 438.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 51,358 shares of the real estate investment trust’s stock worth $1,203,000 after buying an additional 41,818 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Kimco Realty by 90.5% in the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust’s stock valued at $170,535,000 after purchasing an additional 3,457,435 shares during the period. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Kimco Realty during the fourth quarter valued at approximately $1,980,000. Russell Investments Group Ltd. boosted its position in shares of Kimco Realty by 8.1% during the fourth quarter. Russell Investments Group Ltd. now owns 3,120,053 shares of the real estate investment trust’s stock valued at $73,102,000 after purchasing an additional 234,855 shares in the last quarter. Finally, Aviva PLC grew its stake in Kimco Realty by 1,532.5% in the fourth quarter. Aviva PLC now owns 405,418 shares of the real estate investment trust’s stock worth $9,499,000 after purchasing an additional 380,584 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 3.7 %

Kimco Realty stock opened at $19.33 on Friday. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The stock has a fifty day moving average of $21.57 and a 200 day moving average of $23.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The stock has a market cap of $13.14 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

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

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 178.57%.

Analyst Ratings Changes

A number of brokerages have recently commented on KIM. JPMorgan Chase & Co. dropped their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on shares of 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. 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. Evercore ISI reduced their price objective 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.75.

About Kimco Realty

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.