APG Asset Management US Inc. Has $327.86 Million Position in Kimco Realty Corp (NYSE:KIM)

APG Asset Management US Inc. reduced its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,993,199 shares of the real estate investment trust's stock after selling 815,677 shares during the period. Kimco Realty accounts for about 2.5% of APG Asset Management US Inc.'s holdings, making the stock its 14th biggest position. APG Asset Management US Inc. owned about 2.08% of Kimco Realty worth $327,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in Kimco Realty in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kimco Realty during the 3rd quarter worth $31,000. Brown Brothers Harriman & Co. grew its position in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 575 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Kimco Realty during the fourth quarter valued at about $45,000. Finally, Quarry LP acquired a new position in shares of Kimco Realty in the third quarter worth about $51,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KIM. Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Scotiabank dropped 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 report on Friday, February 28th. Evercore ISI reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.75.

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Kimco Realty Stock Performance

NYSE KIM remained flat at $20.13 during trading hours on Monday. The company had a trading volume of 1,660,253 shares, compared to its average volume of 4,359,523. The firm has a market capitalization of $13.68 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The business's 50 day moving average price is $21.14 and its 200-day moving average price is $22.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

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, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is 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.