Catalyst Capital Advisors LLC Grows Holdings in Kimco Realty Corp (NYSE:KIM)

Catalyst Capital Advisors LLC grew its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 102.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,177 shares of the real estate investment trust’s stock after buying an additional 1,104 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Kimco Realty were worth $51,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new position in Kimco Realty during the third quarter worth $17,636,000. Nordea Investment Management AB lifted its stake in Kimco Realty by 6.9% during the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock worth $1,319,000 after purchasing an additional 3,614 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Kimco Realty by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock worth $28,868,000 after purchasing an additional 12,705 shares during the last quarter. Point72 DIFC Ltd bought a new position in Kimco Realty during the third quarter worth $2,387,000. Finally, Victory Capital Management Inc. lifted its stake in Kimco Realty by 48.8% during the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock worth $19,422,000 after purchasing an additional 274,295 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Down 1.1 %

Shares of KIM stock opened at $21.57 on Wednesday. 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 stock has a 50-day simple moving average of $22.85 and a 200 day simple moving average of $23.39. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The stock has a market capitalization of $14.54 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.92 and a beta of 1.50.

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

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.64%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Mizuho raised their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday. Robert W. Baird raised their target price 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, UBS Group raised their target price on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Ten investment 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. According to MarketBeat, the stock currently has a consensus 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.