Wilmington Savings Fund Society FSB Has $810,000 Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Wilmington Savings Fund Society FSB raised its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 2,478.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 34,552 shares of the real estate investment trust’s stock after acquiring an additional 33,212 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Kimco Realty were worth $810,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Kimco Realty during the third quarter worth $25,000. Brooklyn Investment Group bought a new position in Kimco Realty during the third quarter worth about $37,000. Quarry LP acquired a new position in shares of Kimco Realty during the 3rd quarter worth about $51,000. Castleview Partners LLC bought a new stake in shares of Kimco Realty in the 3rd quarter valued at about $77,000. Finally, Quest Partners LLC raised its position in shares of Kimco Realty by 415,100.0% in the 3rd quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 4,151 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of NYSE KIM opened at $22.16 on Tuesday. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock has a 50 day moving average of $23.22 and a 200-day moving average of $23.37. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $14.93 billion, a P/E ratio of 40.28, a P/E/G ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data 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 19.58% and a return on equity of 3.68%. As a group, equities research analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed 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 is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.51%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Evercore ISI lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Scotiabank increased their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Robert W. Baird lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and cut their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten 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 stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus price target of $24.97.

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.