Charles Schwab Investment Management Inc. Buys 101,293 Shares of Kimco Realty Corp (NYSE:KIM)

Charles Schwab Investment Management Inc. raised its position in shares of Kimco Realty Corp (NYSE:KIM) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,581,547 shares of the real estate investment trust’s stock after acquiring an additional 101,293 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.42% of Kimco Realty worth $224,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B&I Capital AG raised its position in Kimco Realty by 13.9% in the 4th 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 during the period. Jones Financial Companies Lllp raised its holdings in shares of Kimco Realty by 50.3% in the fourth quarter. Jones Financial Companies Lllp now owns 4,754 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,592 shares during the period. Linscomb Wealth Inc. lifted its stake in shares of Kimco Realty by 11.3% during the 4th quarter. Linscomb Wealth Inc. now owns 27,316 shares of the real estate investment trust’s stock worth $640,000 after acquiring an additional 2,773 shares during the last quarter. Versor Investments LP purchased a new position in Kimco Realty during the 4th quarter valued at $927,000. Finally, Proficio Capital Partners LLC bought a new position in Kimco Realty in the 4th quarter valued at $1,045,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 1.2 %

KIM stock opened at $21.46 on Friday. The company has a market capitalization of $14.58 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The firm’s fifty day simple moving average is $22.27 and its 200-day simple moving average is $23.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last posted 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%. 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KIM shares. Wells Fargo & Company decreased their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Scotiabank dropped 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 note on Friday, February 28th. Evercore ISI cut their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Finally, Robert W. Baird boosted their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.43.

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.