Mezzasalma Advisors LLC Buys Shares of 11,209 Kimco Realty Corp (NYSE:KIM)

Mezzasalma Advisors LLC purchased a new stake in Kimco Realty Corp (NYSE:KIM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,209 shares of the real estate investment trust’s stock, valued at approximately $263,000.

A number of other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after buying an additional 5,598,091 shares during the period. FMR LLC boosted its position in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after buying an additional 1,283,352 shares in the last quarter. State Street Corp lifted its holdings in Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock valued at $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Kimco Realty during the third quarter worth approximately $17,636,000. Finally, KBC Group NV increased its stake in Kimco Realty by 408.7% in the third quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust’s stock valued at $15,556,000 after purchasing an additional 538,232 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Kimco Realty stock opened at $22.37 on Friday. The stock has a 50-day simple moving average of $23.28 and a 200 day simple moving average of $23.33. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 40.68, a P/E/G ratio of 2.91 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their price target 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. Mizuho boosted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Friday, December 20th. Finally, Robert W. Baird increased their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.97.

Kimco Realty 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.