Nomura Asset Management Co. Ltd. Boosts Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Nomura Asset Management Co. Ltd. boosted its position in Kimco Realty Corp (NYSE:KIM) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,086,281 shares of the real estate investment trust’s stock after buying an additional 43,610 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.16% of Kimco Realty worth $25,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Kimco Realty in the 4th quarter worth about $363,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kimco Realty by 842.3% in the third 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 purchasing an additional 5,598,091 shares in the last quarter. Amundi raised its position in shares of Kimco Realty by 70.7% in the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock valued at $132,227,000 after purchasing an additional 2,484,536 shares during the period. FMR LLC lifted its stake 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. Finally, National Pension Service boosted its holdings in Kimco Realty by 4,342.8% in the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust’s stock worth $25,264,000 after buying an additional 1,053,992 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 0.4 %

Shares of NYSE:KIM opened at $20.94 on Friday. The firm has a fifty day moving average of $21.76 and a 200 day moving average of $23.12. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm has a market capitalization of $14.23 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data 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 return on equity of 3.82% and a net margin of 20.17%. As a group, research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Wells Fargo & Company cut their target price on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday. Mizuho decreased their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut 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. Finally, Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. 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 company. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average target price 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.