11,209 Shares in Kimco Realty Corp (NYSE:KIM) Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,209 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also bought and sold shares of KIM. State Street Corp increased its position in Kimco Realty by 2.0% during the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock valued at $1,048,797,000 after buying an additional 882,047 shares in the last quarter. FMR LLC increased its stake in Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after buying an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kimco Realty by 0.3% in the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after buying an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kimco Realty by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after buying an additional 405,685 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kimco Realty by 842.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after buying an additional 5,598,091 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.2 %

Shares of KIM stock opened at $22.37 on Friday. The stock’s fifty day moving average is $23.28 and its two-hundred day moving average is $23.33. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market capitalization of $15.08 billion, a P/E ratio of 40.68, a PEG ratio of 2.91 and a beta of 1.50. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83.

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

Analysts Set New Price Targets

KIM has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Mizuho lifted their price objective 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. Wells Fargo & Company decreased their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. UBS Group raised their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Friday, December 20th. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.97.

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.