Kimco Realty Corp (NYSE:KIM) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its position in shares of Kimco Realty Corp (NYSE:KIM) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,282 shares of the real estate investment trust’s stock after acquiring an additional 9,689 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Kimco Realty were worth $1,764,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in Kimco Realty during the fourth quarter valued at approximately $26,000. Schroder Investment Management Group boosted its position in Kimco Realty by 348.9% during the 4th quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust’s stock worth $72,353,000 after purchasing an additional 2,420,884 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 575 shares in the last quarter. DnB Asset Management AS raised its position in Kimco Realty by 4.7% in the fourth quarter. DnB Asset Management AS now owns 116,407 shares of the real estate investment trust’s stock valued at $2,727,000 after purchasing an additional 5,276 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Kimco Realty by 4.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,086,281 shares of the real estate investment trust’s stock worth $25,452,000 after buying an additional 43,610 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on KIM. Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Citigroup cut their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Evercore ISI dropped their target price 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. Finally, JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Stock Down 3.7 %

Shares of NYSE:KIM opened at $19.33 on Friday. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The company’s fifty day moving average is $21.57 and its two-hundred day moving average is $23.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

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

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 5.17%. Kimco Realty’s payout ratio is currently 178.57%.

Kimco Realty Company 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.