Nomura Asset Management Co. Ltd. Purchases 19,860 Shares of Kimco Realty Corp (NYSE:KIM)

Nomura Asset Management Co. Ltd. grew its position in Kimco Realty Corp (NYSE:KIM) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 800,523 shares of the real estate investment trust’s stock after acquiring an additional 19,860 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of Kimco Realty worth $15,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Kimco Realty during the 4th quarter valued at approximately $239,184,000. State Street Corp grew its holdings in Kimco Realty by 19.2% during the 1st quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust’s stock valued at $1,092,250,000 after purchasing an additional 7,126,475 shares during the last quarter. Vanguard Group Inc. grew its holdings in Kimco Realty by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock valued at $2,483,278,000 after purchasing an additional 3,081,151 shares during the last quarter. Wellington Management Group LLP grew its holdings in Kimco Realty by 39.3% during the 1st quarter. Wellington Management Group LLP now owns 4,515,382 shares of the real estate investment trust’s stock valued at $111,529,000 after purchasing an additional 1,273,743 shares during the last quarter. Finally, Resolution Capital Ltd grew its holdings in Kimco Realty by 4.6% during the 4th quarter. Resolution Capital Ltd now owns 25,922,985 shares of the real estate investment trust’s stock valued at $549,049,000 after purchasing an additional 1,133,241 shares during the last quarter. 90.42% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 0.7 %

NYSE:KIM opened at $18.99 on Thursday. The stock has a market capitalization of $11.77 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.64 and a beta of 1.45. Kimco Realty Corp has a fifty-two week low of $17.34 and a fifty-two week high of $23.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.00 and a current ratio of 4.00. The company’s 50-day simple moving average is $19.85 and its 200-day simple moving average is $19.37.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.84%. Kimco Realty’s payout ratio is 150.82%.

Analysts Set New Price Targets

Several equities analysts have commented on KIM shares. Argus cut their price objective on Kimco Realty from $27.00 to $22.00 in a research report on Monday, May 22nd. TheStreet downgraded shares of Kimco Realty from a “b-” rating to a “c+” rating in a research note on Tuesday. The Goldman Sachs Group downgraded shares of Kimco Realty from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Wednesday, August 16th. Truist Financial dropped their target price on shares of Kimco Realty from $24.00 to $22.00 in a research note on Monday, May 15th. Finally, Compass Point raised Kimco Realty from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.17.

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.