26,021 Shares in Kimco Realty Corp (NYSE:KIM) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new stake in Kimco Realty Corp (NYSE:KIM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,021 shares of the real estate investment trust’s stock, valued at approximately $610,000.

Several other large investors have also modified their holdings of the stock. Asset Management One Co. Ltd. grew its holdings in shares of Kimco Realty by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock valued at $28,868,000 after buying an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Kimco Realty during the 3rd quarter valued at about $17,636,000. B&I Capital AG increased its holdings in shares of 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 valued at $11,945,000 after purchasing an additional 62,100 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Kimco Realty by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock worth $1,319,000 after purchasing an additional 3,614 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Kimco Realty during the fourth quarter valued at approximately $1,045,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Down 0.3 %

Shares of KIM stock opened at $20.91 on Friday. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. 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 firm has a market cap of $14.21 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The stock has a 50 day moving average of $21.88 and a 200-day moving average of $23.21.

Kimco Realty (NYSE:KIM) last released 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 20.17% and a return on equity of 3.82%. On average, equities analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.78%. Kimco Realty’s dividend payout ratio is 178.57%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KIM shares. JPMorgan Chase & Co. cut their target price on shares of 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 reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company cut their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Finally, Scotiabank cut their price objective on shares of 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. Ten 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.50.

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.