47,455 Shares in Kimco Realty Corp (NYSE:KIM) Purchased by Groupama Asset Managment

Groupama Asset Managment purchased a new stake in Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 47,455 shares of the real estate investment trust’s stock, valued at approximately $1,102,000.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Kimco Realty in the fourth quarter worth approximately $45,000. Geode Capital Management LLC lifted its holdings in Kimco Realty by 2.2% in the 4th 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 in the last quarter. National Bank of Canada FI boosted its stake in Kimco Realty by 12.8% during the 4th quarter. National Bank of Canada FI now owns 327,646 shares of the real estate investment trust’s stock worth $7,677,000 after purchasing an additional 37,301 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Kimco Realty by 14.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 75,282 shares of the real estate investment trust’s stock worth $1,764,000 after buying an additional 9,689 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Kimco Realty in the fourth quarter valued at about $26,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Up 1.6 %

Shares of NYSE:KIM opened at $21.48 on Thursday. The firm has a market capitalization of $14.60 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. 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 is $21.69 and its two-hundred day moving average is $23.07.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings results 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%. Analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.66%. Kimco Realty’s payout ratio is 178.57%.

Analysts Set New Price Targets

KIM has been the subject of several research reports. Mizuho dropped their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price target on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Scotiabank reduced their price objective on 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. JPMorgan Chase & Co. dropped their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.43.

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.