Mufg Securities Americas Inc. Purchases New Shares in Kimco Realty Corp (NYSE:KIM)

Mufg Securities Americas Inc. bought a new stake in shares of Kimco Realty Corp (NYSE:KIM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,952 shares of the real estate investment trust’s stock, valued at approximately $233,000.

Several other large investors have also recently made changes to their positions in KIM. Norges Bank purchased a new stake in shares of Kimco Realty during the 4th quarter valued at $363,436,000. Northern Trust Corp increased its position in shares of Kimco Realty by 55.0% during the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust’s stock valued at $241,446,000 after purchasing an additional 3,658,528 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Kimco Realty by 90.5% during the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust’s stock valued at $170,535,000 after purchasing an additional 3,457,435 shares during the last quarter. Invesco Ltd. increased its position in shares of Kimco Realty by 18.3% during the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust’s stock valued at $407,301,000 after purchasing an additional 2,692,258 shares during the last quarter. Finally, Amundi grew its stake in shares of Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock worth $132,227,000 after acquiring an additional 2,484,536 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KIM. Piper Sandler cut their price target on Kimco Realty from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Citigroup cut their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target 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. Finally, Mizuho dropped their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $24.68.

Kimco Realty Price Performance

KIM opened at $21.70 on Friday. 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 Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The stock has a market capitalization of $14.68 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The stock’s 50 day moving average price is $20.57 and its 200-day moving average price is $22.35.

Kimco Realty (NYSE:KIM) last issued its quarterly 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. The company had revenue of $536.62 million for the quarter, compared to analysts’ expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm’s revenue for the quarter was up 965.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, equities research analysts predict 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 will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. Kimco Realty’s dividend payout ratio is currently 129.87%.

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.