Bryn Mawr Capital Management LLC Buys New Stake in Kimco Realty Corp (NYSE:KIM)

Bryn Mawr Capital Management LLC bought a new stake in Kimco Realty Corp (NYSE:KIM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,590 shares of the real estate investment trust’s stock, valued at approximately $178,000.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Kimco Realty during the third quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Kimco Realty during the third quarter worth about $31,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty during the third quarter worth about $37,000. Quarry LP purchased a new position in shares of Kimco Realty during the third quarter worth about $51,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Kimco Realty during the fourth quarter worth about $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM stock opened at $21.52 on Friday. The firm has a 50 day moving average of $22.61 and a 200-day moving average of $23.38. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. 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 company has a market cap of $14.50 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.78 and a beta of 1.50.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s payout ratio is currently 178.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Mizuho increased their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their target price 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. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Evercore ISI decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Finally, Wells Fargo & Company decreased their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Ten investment 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.83.

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.