Asset Management One Co. Ltd. Has $28.87 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Asset Management One Co. Ltd. grew its position in Kimco Realty Corp (NYSE:KIM) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,235,249 shares of the real estate investment trust’s stock after purchasing an additional 12,705 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.18% of Kimco Realty worth $28,868,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty in the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Kimco Realty in the third quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty in the third quarter valued at approximately $37,000. Quarry LP bought a new position in shares of Kimco Realty in the third quarter valued at approximately $51,000. Finally, Castleview Partners LLC bought a new position in shares of Kimco Realty in the third quarter valued at approximately $77,000. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. UBS Group boosted their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Mizuho boosted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $24.97.

Kimco Realty Stock Down 2.6 %

Shares of NYSE:KIM opened at $21.85 on Friday. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The company’s fifty day moving average is $22.98 and its 200-day moving average is $23.37. The company has a market capitalization of $14.73 billion, a PE ratio of 39.72, a P/E/G ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its 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 19.58% and a return on equity of 3.68%. Equities research analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.58%. Kimco Realty’s dividend payout ratio is presently 181.82%.

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.