Russell Investments Group Ltd. Buys 234,855 Shares of Kimco Realty Corp (NYSE:KIM)

Russell Investments Group Ltd. increased its stake in Kimco Realty Corp (NYSE:KIM) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,120,053 shares of the real estate investment trust’s stock after purchasing an additional 234,855 shares during the period. Russell Investments Group Ltd.’s holdings in Kimco Realty were worth $73,102,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC bought a new position in Kimco Realty in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. raised its position in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 575 shares in the last quarter. Headlands Technologies LLC bought a new stake in Kimco Realty during the fourth quarter worth $45,000. Finally, Quarry LP acquired a new stake in shares of Kimco Realty in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KIM. JPMorgan Chase & Co. lowered 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. Citigroup reduced their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Mizuho lowered their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Finally, Wells Fargo & Company decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.75.

Kimco Realty Stock Down 3.7 %

Shares of NYSE:KIM opened at $19.33 on Friday. The business has a fifty day simple moving average of $21.57 and a 200 day simple moving average of $23.01. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The firm has a market cap of $13.14 billion, a P/E ratio of 34.52, a P/E/G ratio of 2.78 and a beta of 1.25. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted 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 3.82% and a net margin of 20.17%. Analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

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.