Kimco Realty Corp (NYSE:KIM) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in Kimco Realty Corp (NYSE:KIM) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,324 shares of the real estate investment trust’s stock after selling 638 shares during the period. Kentucky Retirement Systems’ holdings in Kimco Realty were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KIM. Asset Management One Co. Ltd. grew its position in Kimco Realty by 1.0% in the 4th 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 acquiring an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Kimco Realty in the 3rd quarter valued at about $17,636,000. Nordea Investment Management AB raised its holdings 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 in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Kimco Realty during the 3rd quarter worth $2,387,000. Finally, Victory Capital Management Inc. grew its stake in shares of Kimco Realty by 48.8% during the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock worth $19,422,000 after purchasing an additional 274,295 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird increased their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price target on 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 cut their target price for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Mizuho lifted their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.83.

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $21.52 on Monday. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The business’s 50 day simple moving average is $22.61 and its 200-day simple moving average is $23.39. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

Kimco Realty (NYSE:KIM) last posted its earnings results 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 return on equity of 3.82% and a net margin of 20.17%. As a group, equities analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.65%. Kimco Realty’s dividend payout ratio (DPR) is currently 178.57%.

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.