National Bank of Canada FI Has $7.68 Million Holdings in Kimco Realty Corp (NYSE:KIM)

National Bank of Canada FI raised its holdings in Kimco Realty Corp (NYSE:KIM) by 12.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,646 shares of the real estate investment trust’s stock after buying an additional 37,301 shares during the period. National Bank of Canada FI’s holdings in Kimco Realty were worth $7,677,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KIM. Summit Securities Group LLC bought a new stake in Kimco Realty in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty in the third quarter valued at $31,000. Brown Brothers Harriman & Co. raised its position in shares of Kimco Realty by 78.9% in the fourth 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 during the period. Quarry LP bought a new position in shares of Kimco Realty in the third quarter valued at about $51,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,104 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KIM has been the topic of a number of research reports. Jefferies Financial Group lowered 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. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. 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 report on Wednesday, March 26th. Scotiabank reduced their price target 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. Finally, Citigroup lowered their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.75.

Kimco Realty Stock Down 3.7 %

Shares of NYSE KIM opened at $19.33 on Friday. The stock has a market capitalization of $13.14 billion, a P/E ratio of 34.52, a PEG ratio of 2.78 and a beta of 1.25. The stock’s fifty day moving average is $21.57 and its 200 day moving average is $23.01. 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 net margin of 20.17% and a return on equity of 3.82%. Sell-side analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

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

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.