Kimco Realty Corp (NYSE:KIM) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its position in Kimco Realty Corp (NYSE:KIM) by 5,522.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 687,519 shares of the real estate investment trust’s stock after buying an additional 675,291 shares during the period. Jefferies Financial Group Inc.’s holdings in Kimco Realty were worth $16,109,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KIM. Summit Securities Group LLC acquired a new stake in Kimco Realty in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty in the third quarter valued at approximately $31,000. Brown Brothers Harriman & Co. increased its position in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 575 shares during the last quarter. Headlands Technologies LLC purchased a new position in Kimco Realty during the fourth quarter worth approximately $45,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,104 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Up 0.7 %

KIM stock opened at $20.82 on Friday. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a 50 day simple moving average of $20.56 and a 200-day simple moving average of $22.42. The company has a market capitalization of $14.08 billion, a P/E ratio of 37.18, a PEG ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The company’s revenue was up 965.3% on a year-over-year basis. On average, equities research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Friday, June 6th. Kimco Realty’s dividend payout ratio is presently 129.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KIM shares. Mizuho decreased their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Piper Sandler dropped their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced 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. Citigroup cut their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Wells Fargo & Company decreased their target price on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.68.

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.