Naviter Wealth LLC Purchases 4,188 Shares of Kimco Realty Corp (NYSE:KIM)

Naviter Wealth LLC boosted its position in shares of Kimco Realty Corp (NYSE:KIM) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,515 shares of the real estate investment trust’s stock after purchasing an additional 4,188 shares during the period. Naviter Wealth LLC’s holdings in Kimco Realty were worth $1,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its position in shares of Kimco Realty by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock worth $28,868,000 after purchasing an additional 12,705 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in Kimco Realty during the 3rd quarter valued at about $17,636,000. Nordea Investment Management AB boosted its position in Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after buying an additional 3,614 shares during the period. B&I Capital AG grew its stake in Kimco Realty by 13.9% in the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock worth $11,945,000 after acquiring an additional 62,100 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Kimco Realty during the third quarter worth approximately $2,387,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on KIM. Scotiabank reduced their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lowered 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 report on Thursday, January 2nd. Finally, Robert W. Baird upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Price Performance

NYSE:KIM opened at $21.40 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The company has a 50 day moving average price of $22.23 and a 200-day moving average price of $23.36. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 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.