Bank of New York Mellon Corp Buys 51,656 Shares of Kimco Realty Corp (NYSE:KIM)

Bank of New York Mellon Corp increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,953,320 shares of the real estate investment trust’s stock after acquiring an additional 51,656 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.88% of Kimco Realty worth $139,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in Kimco Realty during the 3rd quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in Kimco Realty during the 3rd quarter worth approximately $37,000. Quarry LP bought a new position in Kimco Realty during the 3rd quarter worth approximately $51,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Kimco Realty during the 4th quarter worth approximately $77,000. 89.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KIM has been the topic of several recent research reports. Robert W. Baird raised their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Evercore ISI cut their price objective 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 price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Ten 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. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.43.

Kimco Realty Trading Up 2.2 %

NYSE KIM opened at $22.09 on Friday. 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 Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The firm has a market capitalization of $15.01 billion, a PE ratio of 39.44, a P/E/G ratio of 2.78 and a beta of 1.50. The stock’s 50 day moving average is $22.42 and its 200 day moving average is $23.37.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Kimco Realty 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.