Mather Group LLC. Acquires 1,848 Shares of Kimco Realty Corp (NYSE:KIM)

Mather Group LLC. increased its holdings in Kimco Realty Corp (NYSE:KIM) by 51.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,463 shares of the real estate investment trust’s stock after buying an additional 1,848 shares during the quarter. Mather Group LLC.’s holdings in Kimco Realty were worth $128,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KIM. abrdn plc boosted its position in Kimco Realty by 13.3% in the fourth quarter. abrdn plc now owns 1,490,897 shares of the real estate investment trust’s stock worth $34,850,000 after purchasing an additional 174,631 shares during the last quarter. Swedbank AB lifted its position in shares of Kimco Realty by 24.1% during the 4th quarter. Swedbank AB now owns 689,142 shares of the real estate investment trust’s stock valued at $16,147,000 after buying an additional 134,048 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Kimco Realty by 93.4% during the 4th quarter. Forsta AP Fonden now owns 287,200 shares of the real estate investment trust’s stock valued at $6,729,000 after buying an additional 138,700 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Kimco Realty by 18.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 781,532 shares of the real estate investment trust’s stock valued at $18,311,000 after buying an additional 124,453 shares in the last quarter. Finally, Vert Asset Management LLC lifted its holdings in Kimco Realty by 9.6% in the 4th quarter. Vert Asset Management LLC now owns 297,807 shares of the real estate investment trust’s stock worth $6,978,000 after purchasing an additional 26,017 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KIM. Robert W. Baird boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. downgraded Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Friday, December 20th. UBS Group boosted their target price on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group cut 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. Finally, Scotiabank upped their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.97.

Kimco Realty Trading Down 0.2 %

Shares of NYSE KIM opened at $22.37 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market capitalization of $15.08 billion, a P/E ratio of 40.68, a price-to-earnings-growth ratio of 2.91 and a beta of 1.50. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The business has a fifty day moving average price of $23.28 and a 200 day moving average price of $23.33.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Equities research analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

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.