Mitsubishi UFJ Asset Management Co. Ltd. Buys 178,282 Shares of Kimco Realty Corp (NYSE:KIM)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Kimco Realty Corp (NYSE:KIM) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,599,995 shares of the real estate investment trust’s stock after acquiring an additional 178,282 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of Kimco Realty worth $37,072,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KIM. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty in the 3rd quarter valued at $31,000. Brooklyn Investment Group acquired a new position in Kimco Realty in the third quarter valued at $37,000. Catalyst Capital Advisors LLC boosted its position in 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 valued at $51,000 after acquiring an additional 1,104 shares during the last quarter. Quarry LP acquired a new stake in Kimco Realty during the 3rd quarter worth about $51,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Kimco Realty in the 4th quarter worth about $76,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Price Performance

Kimco Realty stock opened at $20.94 on Friday. The stock has a market cap of $14.23 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.78 and a beta of 1.53. 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 company’s 50 day moving average price is $21.76 and its two-hundred day moving average price is $23.12. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, equities analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. reduced their price objective 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. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Evercore ISI reduced their target price 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. Finally, Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.43.

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.