Norinchukin Bank The Increases Stake in Kimco Realty Corp (NYSE:KIM)

Norinchukin Bank The increased its holdings in Kimco Realty Corp (NYSE:KIM) by 3.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 60,639 shares of the real estate investment trust’s stock after acquiring an additional 2,112 shares during the quarter. Norinchukin Bank The’s holdings in Kimco Realty were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Kimco Realty by 7.9% in the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust’s stock valued at $564,560,000 after acquiring an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC lifted its position in Kimco Realty by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust’s stock valued at $411,179,000 after purchasing an additional 377,074 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust’s stock valued at $407,301,000 after purchasing an additional 2,692,258 shares during the period. Norges Bank purchased a new position in shares of Kimco Realty in the fourth quarter worth $363,436,000. Finally, Dimensional Fund Advisors LP raised its holdings in Kimco Realty by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,243,843 shares of the real estate investment trust’s stock valued at $240,010,000 after buying an additional 134,634 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Up 2.1 %

NYSE:KIM opened at $20.58 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The firm’s 50-day moving average price is $20.94 and its 200-day moving average price is $22.73. The company has a market capitalization of $13.98 billion, a PE ratio of 36.75, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83.

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

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KIM. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Mizuho reduced their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Finally, Evercore ISI decreased their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Nine investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.75.

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.