203,358 Shares in Kimco Realty Corp (NYSE:KIM) Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC acquired a new stake in Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 203,358 shares of the real estate investment trust’s stock, valued at approximately $4,765,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning grew its position in shares of Kimco Realty by 3.5% in the third quarter. Creative Planning now owns 51,130 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 1,740 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Kimco Realty in the 3rd quarter valued at approximately $276,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kimco Realty by 24.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,370 shares of the real estate investment trust’s stock valued at $2,052,000 after buying an additional 17,734 shares during the last quarter. abrdn plc increased its position in Kimco Realty by 8.1% during the third quarter. abrdn plc now owns 1,316,266 shares of the real estate investment trust’s stock worth $30,439,000 after buying an additional 98,729 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Kimco Realty by 20.8% in the third quarter. Farther Finance Advisors LLC now owns 8,283 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 1,426 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 0.3 %

NYSE:KIM opened at $21.86 on Wednesday. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The business’s 50-day moving average is $22.56 and its two-hundred day moving average is $23.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The firm has a market capitalization of $14.73 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50.

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

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Mizuho lowered their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered 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. Ten equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.57.

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.