Cibc World Markets Corp Has $7.09 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Cibc World Markets Corp increased its stake in Kimco Realty Corp (NYSE:KIM) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 302,477 shares of the real estate investment trust’s stock after acquiring an additional 32,855 shares during the quarter. Cibc World Markets Corp’s holdings in Kimco Realty were worth $7,087,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 worth $145,420,000 after purchasing an additional 5,598,091 shares during the period. Amundi raised its stake in Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock worth $132,227,000 after buying an additional 2,484,536 shares during the last quarter. FMR LLC lifted its holdings in Kimco Realty by 6.1% in 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 period. National Pension Service boosted its position in Kimco Realty by 4,342.8% during the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust’s stock valued at $25,264,000 after acquiring an additional 1,053,992 shares during the last quarter. Finally, State Street Corp grew 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 acquiring an additional 882,047 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 0.9 %

KIM stock opened at $20.94 on Wednesday. The firm has a market capitalization of $14.23 billion, a PE ratio of 37.39, a P/E/G ratio of 2.78 and a beta of 1.53. 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 stock’s 50 day moving average is $21.92 and its 200-day moving average is $23.24.

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

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.78%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KIM. Mizuho cut their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Scotiabank cut their target price on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Finally, Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten 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. According to MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and an average price target of $24.50.

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.