Nomura Holdings Inc. Buys Shares of 100,473 Kimco Realty Corp (NYSE:KIM)

Nomura Holdings Inc. bought a new stake in shares of Kimco Realty Corp (NYSE:KIM) during the fourth quarter, HoldingsChannel reports. The fund bought 100,473 shares of the real estate investment trust’s stock, valued at approximately $2,354,000.

A number of other large investors have also recently bought and sold shares of the stock. Keybank National Association OH grew its holdings in Kimco Realty by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 496 shares during the last quarter. Global Assets Advisory LLC grew its holdings in Kimco Realty by 5.4% during the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 528 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Kimco Realty by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 539 shares during the last quarter. Pitcairn Co. grew its holdings in Kimco Realty by 4.0% during the 4th quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 567 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in Kimco Realty by 78.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 575 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Trading Up 1.4%

Shares of KIM opened at $21.70 on Friday. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $14.68 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The stock’s fifty day simple moving average is $20.57 and its 200 day simple moving average is $22.35. Kimco Realty Corp has a twelve month low of $17.93 and a twelve month high of $25.83.

Kimco Realty (NYSE:KIM) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The business’s quarterly revenue was up 965.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.61%. The ex-dividend date is Friday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 129.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler lowered their target price on Kimco Realty from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Wells Fargo & Company reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Scotiabank reduced their price target on Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Citigroup reduced their price target on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Raymond James reduced their price target on Kimco Realty from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Monday, May 5th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.68.

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.