Swiss National Bank Has $44.62 Million Position in Kimco Realty Corp (NYSE:KIM)

Swiss National Bank reduced its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,904,433 shares of the real estate investment trust’s stock after selling 91,500 shares during the period. Swiss National Bank owned 0.28% of Kimco Realty worth $44,621,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KIM. Wilmington Savings Fund Society FSB acquired a new stake in Kimco Realty during the 3rd quarter worth about $31,000. Brooklyn Investment Group acquired a new stake in Kimco Realty during the 3rd quarter worth about $37,000. Quarry LP acquired a new stake in Kimco Realty during the 3rd quarter worth about $51,000. Catalyst Capital Advisors LLC grew its stake in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,104 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Kimco Realty in the 4th quarter valued at about $77,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Kimco Realty stock opened at $20.57 on Monday. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The company’s 50 day moving average price is $21.98 and its two-hundred day moving average price is $23.28. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The stock has a market cap of $13.97 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last posted its 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 net margin of 20.17% and a return on equity of 3.82%. On average, equities analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KIM. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. reduced their target price 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. Evercore ISI reduced their target price 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 target price 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. Finally, Scotiabank reduced their target price 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 analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.43.

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.