Generali Investments CEE investicni spolecnost a.s. Acquires Shares of 83,300 Kimco Realty Corp (NYSE:KIM)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 83,300 shares of the real estate investment trust’s stock, valued at approximately $1,952,000.

A number of other large investors also recently modified their holdings of KIM. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the third quarter valued at about $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty in the 3rd quarter valued at about $37,000. Quarry LP bought a new position in shares of Kimco Realty in the 3rd quarter valued at about $51,000. Catalyst Capital Advisors LLC raised its stake in shares of Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Kimco Realty during the fourth quarter worth approximately $77,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Down 0.3 %

Kimco Realty stock opened at $21.40 on Friday. The company has a 50 day moving average of $22.23 and a 200-day moving average of $23.36. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market capitalization of $14.54 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS 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. Investors of record on Friday, March 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 178.57%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KIM. Mizuho lowered their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Evercore ISI decreased their price objective on 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 downgraded Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Robert W. Baird raised their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, 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. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average price target of $24.43.

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.