Czech National Bank Acquires 8,832 Shares of Kimco Realty Corp (NYSE:KIM)

Czech National Bank lifted its position in Kimco Realty Corp (NYSE:KIM) by 6.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 146,155 shares of the real estate investment trust’s stock after buying an additional 8,832 shares during the quarter. Czech National Bank’s holdings in Kimco Realty were worth $3,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Diversified Trust Co purchased a new position in shares of Kimco Realty in the 4th quarter worth approximately $303,000. Nordea Investment Management AB grew its position in shares of Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock worth $1,319,000 after buying an additional 3,614 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Kimco Realty in the 3rd quarter worth approximately $17,636,000. Synovus Financial Corp grew its position in shares of Kimco Realty by 6.2% in the 3rd quarter. Synovus Financial Corp now owns 42,579 shares of the real estate investment trust’s stock worth $989,000 after buying an additional 2,476 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of Kimco Realty by 17.9% in the 3rd quarter. Tidal Investments LLC now owns 35,999 shares of the real estate investment trust’s stock worth $836,000 after buying an additional 5,466 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Friday, December 20th. Robert W. Baird upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Evercore ISI decreased their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, Jefferies Financial Group lowered shares of 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. Eleven 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.84.

Kimco Realty Price Performance

Shares of KIM opened at $22.04 on Thursday. The business’s 50-day moving average is $24.12 and its two-hundred day moving average is $23.08. The company has a market capitalization of $14.86 billion, a P/E ratio of 40.07, a P/E/G ratio of 3.22 and a beta of 1.51. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two 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 3.59.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The company had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. Research analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.54%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty’s payout ratio is 181.82%.

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.