CoreFirst Bank & Trust Makes New $76,000 Investment in Kimco Realty Corp (NYSE:KIM)

CoreFirst Bank & Trust purchased a new stake in Kimco Realty Corp (NYSE:KIM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,255 shares of the real estate investment trust’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the 3rd quarter worth $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty in 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. Catalyst Capital Advisors LLC boosted its stake in Kimco Realty by 102.9% during 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 purchasing an additional 1,104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Kimco Realty during the 4th quarter valued at approximately $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 $21.19 on Wednesday. The business has a 50 day simple moving average of $21.83 and a 200 day simple moving average of $23.17. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The company has a market capitalization of $14.40 billion, a PE ratio of 37.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, sell-side analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.72%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Citigroup cut their target price on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.50.

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.