Marshall Wace LLP Purchases 650,440 Shares of Kimco Realty Corp (NYSE:KIM)

Marshall Wace LLP increased its position in shares of Kimco Realty Corp (NYSE:KIM) by 3,276.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 670,292 shares of the real estate investment trust’s stock after acquiring an additional 650,440 shares during the period. Marshall Wace LLP’s holdings in Kimco Realty were worth $15,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Kimco Realty in the fourth quarter worth $363,436,000. Federated Hermes Inc. grew its position 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 buying an additional 3,457,435 shares during the last quarter. Invesco Ltd. increased its stake in shares of Kimco Realty by 18.3% in 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 buying an additional 2,692,258 shares during the period. Amundi raised its position in shares of Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock worth $132,227,000 after acquiring an additional 2,484,536 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Kimco Realty by 348.9% in the fourth quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust’s stock worth $72,353,000 after acquiring an additional 2,420,884 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM stock opened at $20.58 on Monday. The company has a market capitalization of $13.98 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The business has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $22.73. 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 (NYSE:KIM) last issued its quarterly earnings data 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%. Research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Mizuho cut their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Citigroup cut their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.75.

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.