Coldstream Capital Management Inc. Buys 874 Shares of Kimco Realty Corp (NYSE:KIM)

Coldstream Capital Management Inc. increased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,254 shares of the real estate investment trust’s stock after purchasing an additional 874 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Kimco Realty were worth $568,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. grew its stake in shares of Kimco Realty by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock valued at $28,868,000 after purchasing an additional 12,705 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Kimco Realty in the third quarter valued at approximately $17,636,000. B&I Capital AG boosted its stake in Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock valued at $11,945,000 after acquiring an additional 62,100 shares during the last quarter. Nordea Investment Management AB boosted its stake in Kimco Realty by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after acquiring an additional 3,614 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in Kimco Realty in the fourth quarter valued at approximately $610,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Down 2.0 %

Shares of NYSE:KIM opened at $20.09 on Wednesday. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $20.73 and its 200 day simple moving average is $22.61. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 2.78 and a beta of 1.25.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.98%. Kimco Realty’s payout ratio is presently 178.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Scotiabank reduced their price objective on shares of 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. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.68.

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.