Russell Investments Group Ltd. Buys 234,855 Shares of Kimco Realty Corp (NYSE:KIM)

Russell Investments Group Ltd. boosted its stake in Kimco Realty Corp (NYSE:KIM) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,120,053 shares of the real estate investment trust’s stock after acquiring an additional 234,855 shares during the quarter. Russell Investments Group Ltd. owned 0.46% of Kimco Realty worth $73,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its position in Kimco Realty by 4.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 23,827 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 988 shares during the last quarter. Captrust Financial Advisors lifted its position in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 482 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Kimco Realty during the 3rd quarter worth about $303,000. Investment Management Corp of Ontario grew its holdings in shares of Kimco Realty by 49.5% in the 3rd quarter. Investment Management Corp of Ontario now owns 22,362 shares of the real estate investment trust’s stock valued at $519,000 after acquiring an additional 7,400 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Kimco Realty in the third quarter valued at about $1,074,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KIM has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Evercore ISI decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Citigroup decreased their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Wells Fargo & Company dropped their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.75.

Kimco Realty Trading Down 3.7 %

Shares of NYSE:KIM opened at $19.33 on Friday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The business has a 50 day moving average of $21.57 and a 200-day moving average of $23.01. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The stock has a market cap of $13.14 billion, a PE ratio of 34.52, a P/E/G ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.17%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

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.