Pictet Asset Management SA lessened its stake in shares of Kimco Realty Corp (NYSE:KIM - Get Rating) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,320 shares of the real estate investment trust's stock after selling 9,355 shares during the quarter. Pictet Asset Management SA owned 0.07% of Kimco Realty worth $8,199,000 as of its most recent SEC filing.
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Several other hedge funds also recently bought and sold shares of KIM. Vanguard Group Inc. grew its position in shares of Kimco Realty by 3.2% during the first quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust's stock worth $2,483,278,000 after acquiring an additional 3,081,151 shares during the last quarter. State Street Corp increased its stake in shares of Kimco Realty by 1.6% during the 2nd quarter. State Street Corp now owns 44,920,176 shares of the real estate investment trust's stock valued at $888,072,000 after acquiring an additional 699,534 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Kimco Realty by 5.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,541,505 shares of the real estate investment trust's stock worth $212,479,000 after purchasing an additional 616,247 shares during the period. FMR LLC boosted its holdings in Kimco Realty by 5.4% in the 2nd quarter. FMR LLC now owns 11,174,826 shares of the real estate investment trust's stock worth $220,926,000 after acquiring an additional 569,101 shares during the period. Finally, Northern Trust Corp boosted its holdings in Kimco Realty by 5.5% in the 1st quarter. Northern Trust Corp now owns 9,215,068 shares of the real estate investment trust's stock worth $227,612,000 after acquiring an additional 482,054 shares during the period. Hedge funds and other institutional investors own 92.33% of the company's stock.
Shares of KIM opened at $20.60 on Friday. Kimco Realty Corp has a 52 week low of $17.71 and a 52 week high of $26.57. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 137.33, a PEG ratio of 1.67 and a beta of 1.45. The stock has a fifty day moving average of $21.50 and a 200-day moving average of $21.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Wednesday, March 8th. Kimco Realty's dividend payout ratio (DPR) is presently 613.33%.
Several equities research analysts have weighed in on KIM shares. StockNews.com raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, January 10th. TheStreet raised Kimco Realty from a "c+" rating to a "b-" rating in a research note on Tuesday, November 29th. Barclays raised their price target on Kimco Realty from $24.00 to $26.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 6th. Citigroup raised their price objective on Kimco Realty from $23.00 to $26.00 in a research note on Wednesday, December 14th. Finally, Credit Suisse Group lowered Kimco Realty from an "outperform" rating to a "neutral" rating and set a $22.00 target price on the stock. in a report on Monday, January 9th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.25.
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.
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