Banco Santander S.A. Trims Stake in Kimco Realty Corp (NYSE:KIM)

Banco Santander S.A. lowered its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 61.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,556 shares of the real estate investment trust's stock after selling 37,765 shares during the period. Banco Santander S.A.'s holdings in Kimco Realty were worth $552,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KIM. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $37,000. Quarry LP purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $51,000. Catalyst Capital Advisors LLC increased its stake in shares of Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Kimco Realty during the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Kimco Realty Price Performance

Shares of NYSE KIM traded down $0.62 during mid-day trading on Tuesday, reaching $20.66. 6,417,497 shares of the company were exchanged, compared to its average volume of 4,630,261. Kimco Realty Corp has a 52 week low of $17.57 and a 52 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 stock has a market capitalization of $14.03 billion, a PE ratio of 36.88, a PEG ratio of 2.78 and a beta of 1.53. The company's 50 day moving average price is $22.19 and its 200 day moving average price is $23.35.

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Kimco Realty (NYSE:KIM - Get Free Report) last posted 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%. Sell-side analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's dividend payout ratio is currently 178.57%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. 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. 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 note on Tuesday, December 24th. 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, Wells Fargo & Company reduced 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. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.43.

About Kimco Realty

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.