Kimco Realty Corp (NYSE:KIM) Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in Kimco Realty Corp (NYSE:KIM) by 11.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,473 shares of the real estate investment trust’s stock after buying an additional 10,103 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kimco Realty were worth $2,322,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KIM. Lord Abbett & CO. LLC bought a new position in shares of Kimco Realty in the third quarter valued at approximately $17,636,000. Nordea Investment Management AB lifted its position in 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 worth $1,319,000 after purchasing an additional 3,614 shares during the period. Point72 DIFC Ltd bought a new position in Kimco Realty during the 3rd quarter valued at $2,387,000. Victory Capital Management Inc. increased its position in shares of Kimco Realty by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock valued at $19,422,000 after purchasing an additional 274,295 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Kimco Realty by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock worth $220,131,000 after buying an additional 405,685 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KIM. Scotiabank raised their target price on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Robert W. Baird raised their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Evercore ISI lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Wells Fargo & Company cut their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Mizuho lifted their price target 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. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.97.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $22.37 on Monday. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15.08 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. The business has a fifty day simple moving average of $23.22 and a 200-day simple moving average of $23.35.

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, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. On average, sell-side analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.47%. Kimco Realty’s dividend payout ratio is presently 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.