Wilmington Savings Fund Society FSB Has $810,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Wilmington Savings Fund Society FSB boosted its position in shares of Kimco Realty Corp (NYSE:KIM) by 2,478.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,552 shares of the real estate investment trust’s stock after acquiring an additional 33,212 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kimco Realty were worth $810,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kimco Realty by 842.3% during the third 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 valued at $145,420,000 after purchasing an additional 5,598,091 shares during the period. FMR LLC increased its holdings 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 valued at $518,733,000 after buying an additional 1,283,352 shares during the period. State Street Corp raised its stake in shares of Kimco Realty by 2.0% in 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. Lord Abbett & CO. LLC acquired a new position in shares of Kimco Realty in the 3rd quarter valued at $17,636,000. Finally, KBC Group NV lifted its holdings in shares of Kimco Realty by 408.7% during the 3rd quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust’s stock worth $15,556,000 after acquiring an additional 538,232 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of KIM stock opened at $22.16 on Tuesday. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $23.22 and its 200-day moving average is $23.37. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Sell-side analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.51%. Kimco Realty’s payout ratio is 181.82%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KIM. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Scotiabank boosted their price target 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 increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Evercore ISI cut their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kimco Realty has a consensus rating of “Moderate Buy” and a consensus target price 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.