Vinva Investment Management Ltd Makes New $253,000 Investment in Kimco Realty Corp (NYSE:KIM)

Vinva Investment Management Ltd acquired a new position in Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,891 shares of the real estate investment trust’s stock, valued at approximately $253,000.

A number of other large investors have also added to or reduced their stakes in KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kimco Realty by 842.3% in the 3rd 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 worth $145,420,000 after acquiring an additional 5,598,091 shares during the last quarter. Amundi increased its position in shares of 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. 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 valued at $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. National Pension Service increased its position in shares of Kimco Realty by 4,342.8% during the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust’s stock valued at $25,264,000 after purchasing an additional 1,053,992 shares during the last quarter. Finally, State Street Corp increased its position in shares of Kimco Realty by 2.0% during 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 purchasing an additional 882,047 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of several analyst reports. Mizuho cut their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Evercore ISI cut their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and cut their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. 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. Finally, Wells Fargo & Company dropped their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Ten 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 stock. According to data from MarketBeat.com, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Kimco Realty Price Performance

Shares of KIM stock opened at $20.78 on Friday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 2.78 and a beta of 1.53. The stock has a fifty day simple moving average of $21.86 and a two-hundred day simple moving average of $23.19. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

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.