National Pension Service Acquires 1,053,992 Shares of Kimco Realty Corp (NYSE:KIM)

National Pension Service boosted its position in Kimco Realty Corp (NYSE:KIM) by 4,342.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,078,262 shares of the real estate investment trust’s stock after purchasing an additional 1,053,992 shares during the quarter. National Pension Service owned about 0.16% of Kimco Realty worth $25,264,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors boosted its stake in Kimco Realty by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares during the period. Coldstream Capital Management Inc. boosted its stake in Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 565 shares during the period. Savant Capital LLC boosted its stake in Kimco Realty by 4.4% in the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 611 shares during the period. Ieq Capital LLC boosted its stake in Kimco Realty by 5.4% in the 4th quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 853 shares during the period. Finally, Values First Advisors Inc. boosted its stake in Kimco Realty by 3.6% in the 4th quarter. Values First Advisors Inc. now owns 27,091 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 942 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KIM shares. Evercore ISI reduced their price target on 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. Mizuho reduced their price target 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. Wells Fargo & Company dropped their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. UBS Group lifted their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank dropped their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday. Ten equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Price Performance

Kimco Realty stock opened at $22.09 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 $17.57 and a 52 week high of $25.83. The stock has a market capitalization of $15.01 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The stock has a fifty day moving average of $22.42 and a 200-day moving average of $23.38.

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

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.53%. Kimco Realty’s dividend payout ratio (DPR) is currently 178.57%.

Kimco Realty Company 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.