Avantax Advisory Services Inc. Grows Stock Position in Kimco Realty Corp (NYSE:KIM)

Avantax Advisory Services Inc. boosted its holdings in Kimco Realty Corp (NYSE:KIM) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,839 shares of the real estate investment trust’s stock after acquiring an additional 539 shares during the period. Avantax Advisory Services Inc.’s holdings in Kimco Realty were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its position in shares of Kimco Realty by 1.0% in 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 purchasing an additional 12,705 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Kimco Realty during the third quarter worth $17,636,000. B&I Capital AG raised its holdings in shares of Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock worth $11,945,000 after acquiring an additional 62,100 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Kimco Realty by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Kimco Realty during the fourth quarter valued at $1,045,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Kimco Realty stock opened at $21.19 on Wednesday. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock’s 50-day moving average is $21.83 and its 200-day moving average is $23.17.

Kimco Realty (NYSE:KIM) last posted its quarterly 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%. Equities analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.72%. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KIM shares. Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on shares of 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. Evercore ISI decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Ten research 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’s stock. Based on data from MarketBeat.com, Kimco Realty has an average rating of “Moderate Buy” and a consensus price target of $24.50.

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.