Andra AP fonden Sells 49,700 Shares of Kimco Realty Corp (NYSE:KIM)

Andra AP fonden lessened its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,100 shares of the real estate investment trust's stock after selling 49,700 shares during the period. Andra AP fonden's holdings in Kimco Realty were worth $4,595,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kimco Realty by 842.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after buying an additional 5,598,091 shares in the last quarter. FMR LLC grew its position in Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after buying an additional 1,283,352 shares in the last quarter. National Pension Service grew its position in Kimco Realty by 4,342.8% in the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock valued at $25,264,000 after buying an additional 1,053,992 shares in the last quarter. State Street Corp grew its position in Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after buying an additional 882,047 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Kimco Realty in the 3rd quarter valued at about $17,636,000. Institutional investors and hedge funds own 89.25% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Evercore ISI reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Scotiabank reduced 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. Mizuho reduced 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. reduced 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 report on Tuesday, February 18th. Ten 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.43.

Kimco Realty Stock Performance

KIM traded down $0.07 during trading on Friday, reaching $21.40. 7,559,902 shares of the company's stock were exchanged, compared to its average volume of 4,571,159. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week 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 business has a 50 day moving average price of $22.23 and a 200 day moving average price of $23.36. The company has a market capitalization of $14.54 billion, a P/E ratio of 38.22, a PEG ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share 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 predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.67%. Kimco Realty's payout ratio is presently 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.