Meiji Yasuda Asset Management Co Ltd. Has $396,000 Position in Kimco Realty Corp (NYSE:KIM)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,900 shares of the real estate investment trust’s stock after buying an additional 1,880 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Kimco Realty were worth $396,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp increased its holdings 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 worth $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. FMR LLC boosted its position in shares of Kimco Realty by 6.1% during the third 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 last quarter. Geode Capital Management LLC grew its holdings in Kimco Realty by 0.3% during 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. raised its position in Kimco Realty by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust’s stock valued at $224,496,000 after buying an additional 101,293 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 valued at $145,420,000 after buying an additional 5,598,091 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KIM shares. Mizuho reduced their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Citigroup decreased their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their target price on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Ten research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.43.

Kimco Realty Trading Down 1.0 %

Shares of KIM opened at $21.01 on Friday. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The business has a 50-day moving average of $21.79 and a 200 day moving average of $23.14. The firm has a market cap of $14.27 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

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

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. Kimco Realty’s dividend payout ratio is currently 178.57%.

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.