Meiji Yasuda Asset Management Co Ltd. Increases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Kimco Realty Corp (NYSE:KIM) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,900 shares of the real estate investment trust’s stock after acquiring an additional 1,880 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Kimco Realty were worth $396,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its position in shares of Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock valued at $28,868,000 after purchasing an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Kimco Realty during the third quarter valued at $17,636,000. B&I Capital AG grew its position in Kimco Realty by 13.9% during the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock worth $11,945,000 after buying an additional 62,100 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Kimco Realty in the 4th quarter valued at about $1,045,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KIM. Scotiabank decreased their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup reduced their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Evercore ISI dropped 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. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.43.

Kimco Realty Trading Down 1.0 %

Shares of KIM stock opened at $21.01 on Friday. 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 business has a 50-day moving average of $21.79 and a 200 day moving average of $23.14. The stock has a market capitalization of $14.27 billion, a PE ratio of 37.51, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM) last issued 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%. As a group, sell-side analysts anticipate 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 was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.76%. Kimco Realty’s dividend payout ratio is currently 178.57%.

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.