Retirement Systems of Alabama Increases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Retirement Systems of Alabama boosted its position in shares of Kimco Realty Corp (NYSE:KIM) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535,795 shares of the real estate investment trust’s stock after purchasing an additional 3,999 shares during the period. Retirement Systems of Alabama’s holdings in Kimco Realty were worth $12,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kimco Realty by 842.3% in the third 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. FMR LLC increased its position in shares of Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. State Street Corp raised its holdings 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 valued at $1,048,797,000 after buying an additional 882,047 shares during the period. Lord Abbett & CO. LLC acquired a new position in Kimco Realty in the third quarter valued at about $17,636,000. Finally, KBC Group NV increased its position in shares of Kimco Realty by 408.7% during the third quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust’s stock valued at $15,556,000 after acquiring an additional 538,232 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KIM has been the subject of a number of research analyst reports. UBS Group increased their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Friday, December 20th. Robert W. Baird lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Mizuho increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Ten equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.97.

Kimco Realty Stock Performance

Shares of KIM opened at $22.37 on Friday. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 2.91 and a beta of 1.50. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $23.28 and a 200 day moving average price of $23.33.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Research analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

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.