Stevens Capital Management LP Acquires New Holdings in Kimco Realty Corp (NYSE:KIM)

Stevens Capital Management LP bought a new position in Kimco Realty Corp (NYSE:KIM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,833 shares of the real estate investment trust’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KIM. State Street Corp boosted its position in Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after purchasing an additional 882,047 shares during the last quarter. FMR LLC lifted its position in shares of Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after buying an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock valued at $398,468,000 after buying an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Kimco Realty by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust’s stock worth $224,496,000 after purchasing an additional 101,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kimco Realty by 842.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after buying an additional 5,598,091 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on KIM. Citigroup lowered their price target on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. 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. Evercore ISI reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Wells Fargo & Company reduced their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Scotiabank decreased 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 report on Friday, February 28th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Kimco Realty Stock Performance

Shares of NYSE:KIM opened at $21.34 on Tuesday. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The firm has a market cap of $14.50 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The firm’s 50 day simple moving average is $21.85 and its 200-day simple moving average is $23.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

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

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Friday, March 7th. Kimco Realty’s payout ratio is currently 178.57%.

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.