Kimco Realty Corp (NYSE:KIM) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. lifted its stake in shares of Kimco Realty Corp (NYSE:KIM) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,147,491 shares of the real estate investment trust’s stock after purchasing an additional 145,217 shares during the quarter. Prudential Financial Inc. owned about 0.17% of Kimco Realty worth $26,886,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KIM. Asset Management One Co. Ltd. raised its position in Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock worth $28,868,000 after buying an additional 12,705 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Kimco Realty during the third quarter worth about $17,636,000. B&I Capital AG raised its holdings in Kimco Realty by 13.9% during the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock worth $11,945,000 after purchasing an additional 62,100 shares in the last quarter. Nordea Investment Management AB lifted its position in Kimco Realty by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after purchasing an additional 3,614 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Kimco Realty in the 4th quarter valued at approximately $1,045,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on KIM shares. Evercore ISI reduced their price target 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. Scotiabank decreased their target price on shares of 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. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Mizuho lowered their target price 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. Ten 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’s stock. According to data from MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $21.20 on Thursday. 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 business’s fifty day moving average price is $21.81 and its two-hundred day moving average price is $23.15. The stock has a market cap of $14.40 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data 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 return on equity of 3.82% and a net margin of 20.17%. On average, analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 178.57%.

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.