47,455 Shares in Kimco Realty Corp (NYSE:KIM) Acquired by Groupama Asset Managment

Groupama Asset Managment purchased a new stake in Kimco Realty Corp (NYSE:KIM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 47,455 shares of the real estate investment trust’s stock, valued at approximately $1,102,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Kimco Realty in the 4th quarter valued at $363,436,000. Amundi grew its holdings in shares of Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock worth $132,227,000 after purchasing an additional 2,484,536 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Kimco Realty by 348.9% during the fourth quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust’s stock worth $72,353,000 after purchasing an additional 2,420,884 shares during the last quarter. National Pension Service increased its position in shares of Kimco Realty by 4,342.8% during the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust’s stock worth $25,264,000 after purchasing an additional 1,053,992 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Kimco Realty by 430.8% in the 4th quarter. American Century Companies Inc. now owns 1,163,087 shares of the real estate investment trust’s stock valued at $27,251,000 after purchasing an additional 943,956 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Kimco Realty stock opened at $21.48 on Thursday. The company has a market cap of $14.60 billion, a P/E ratio of 38.36, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The business has a fifty day moving average of $21.69 and a two-hundred day moving average of $23.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

Kimco Realty (NYSE:KIM) last released 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 net margin of 20.17% and a return on equity of 3.82%. As a group, analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.66%. Kimco Realty’s dividend payout ratio is presently 178.57%.

Wall Street Analyst Weigh In

KIM has been the topic of several research analyst reports. Evercore ISI cut their price target on 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. Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup reduced their target price on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Ten equities 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 company’s stock. According to MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $24.43.

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.