Robeco Institutional Asset Management B.V. Raises Position in Kimco Realty Corp (NYSE:KIM)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 781,532 shares of the real estate investment trust’s stock after purchasing an additional 124,453 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Kimco Realty were worth $18,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KIM. Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $37,000. Quarry LP purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $51,000. Finally, Castleview Partners LLC purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE:KIM opened at $22.46 on Friday. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. 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 market capitalization of $15.14 billion, a PE ratio of 40.83, a price-to-earnings-growth ratio of 2.90 and a beta of 1.51. The stock’s 50-day moving average price is $23.55 and its 200-day moving average price is $23.30.

Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. During the same quarter last year, the business earned $0.40 earnings per share. Kimco Realty’s revenue was up 13.8% on a year-over-year basis. As a group, equities analysts expect that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group increased their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Mizuho raised their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday. Scotiabank raised 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. Finally, Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.