Kimco Realty Corp (NYSE:KIM) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,082,263 shares of the real estate investment trust's stock after selling 23,390 shares during the period. Alliancebernstein L.P. owned about 0.16% of Kimco Realty worth $25,357,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Kimco Realty in the 4th quarter valued at $363,436,000. Amundi raised its stake in Kimco Realty by 70.7% in the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after buying an additional 2,484,536 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Kimco Realty by 348.9% during the 4th quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock worth $72,353,000 after buying an additional 2,420,884 shares during the last quarter. National Pension Service boosted its position in shares of Kimco Realty by 4,342.8% during the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock worth $25,264,000 after acquiring an additional 1,053,992 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Kimco Realty by 430.8% in the 4th quarter. American Century Companies Inc. now owns 1,163,087 shares of the real estate investment trust's stock valued at $27,251,000 after acquiring an additional 943,956 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Mizuho dropped their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Scotiabank cut their price target on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Citigroup decreased their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and cut their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Nine 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.75.

Kimco Realty Stock Performance

Shares of Kimco Realty stock traded up $0.34 during trading hours on Friday, hitting $20.11. 6,720,343 shares of the company were exchanged, compared to its average volume of 4,379,557. The business has a 50-day moving average of $21.14 and a 200-day moving average of $22.83. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. 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 stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 35.91, a P/E/G ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM - Get Free Report) last announced 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, analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is presently 178.57%.

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.