Kimco Realty Corp (NYSE:KIM) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Kimco Realty Corp (NYSE:KIM) by 25.4% in the 4th quarter, HoldingsChannel reports. The firm owned 611,760 shares of the real estate investment trust’s stock after acquiring an additional 124,076 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kimco Realty were worth $14,334,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the third quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty during the third quarter valued at $37,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Kimco Realty by 102.9% during the fourth 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. Quarry LP purchased a new stake in Kimco Realty in the 3rd quarter worth about $51,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Kimco Realty in the 4th quarter worth about $77,000. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 1.2 %

NYSE KIM opened at $20.87 on Thursday. The stock has a fifty day moving average of $22.09 and a 200-day moving average of $23.32. The stock has a market capitalization of $14.18 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. 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 (NYSE:KIM) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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%. On average, equities research analysts forecast 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 will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.79%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KIM. Mizuho reduced their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on 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. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, Scotiabank reduced their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Ten equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.43.

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.