Securian Asset Management Inc. Has $849,000 Holdings in Kimco Realty Corp (NYSE:KIM)

Securian Asset Management Inc. lessened its holdings in Kimco Realty Corp (NYSE:KIM) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,228 shares of the real estate investment trust’s stock after selling 1,053 shares during the period. Securian Asset Management Inc.’s holdings in Kimco Realty were worth $849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kimco Realty in the 3rd quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in Kimco Realty in the 3rd quarter valued at about $37,000. Quarry LP purchased a new stake in Kimco Realty in the 3rd quarter valued at about $51,000. Catalyst Capital Advisors LLC increased its stake in Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Kimco Realty in the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Up 2.2 %

Shares of KIM stock opened at $20.57 on Friday. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The stock has a market cap of $13.97 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.78 and a beta of 1.53. 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 company has a 50 day simple moving average of $21.98 and a two-hundred day simple moving average of $23.28.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (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%. On average, research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.86%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analyst Weigh In

Several research firms have commented on KIM. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank decreased their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Wells Fargo & Company decreased their price objective on shares of 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. Mizuho decreased their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. 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. Based on data from MarketBeat, Kimco Realty presently has an average rating of “Moderate Buy” and a consensus target price of $24.43.

Kimco Realty 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.