Catalyst Capital Advisors LLC Has $51,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Catalyst Capital Advisors LLC boosted its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 102.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,177 shares of the real estate investment trust’s stock after buying an additional 1,104 shares during the period. Catalyst Capital Advisors LLC’s holdings in Kimco Realty were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the third quarter valued at $31,000. Brooklyn Investment Group acquired a new position in Kimco Realty during the third quarter valued at $37,000. Quarry LP acquired a new position in Kimco Realty during the third quarter valued at $51,000. Newbridge Financial Services Group Inc. acquired a new position in Kimco Realty during the fourth quarter valued at $77,000. Finally, Castleview Partners LLC acquired a new position in Kimco Realty during the third quarter valued at $77,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Down 1.1 %

Shares of KIM stock opened at $21.57 on Wednesday. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market cap of $14.54 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. The stock has a 50 day moving average of $22.85 and a 200-day moving average of $23.39.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. On average, equities analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut 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 target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday. Scotiabank lifted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Finally, Mizuho increased their price target 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. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.83.

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.