Boston Partners Sells 13,297 Shares of Kimco Realty Corp (NYSE:KIM)

Boston Partners lowered its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 554,864 shares of the real estate investment trust's stock after selling 13,297 shares during the quarter. Boston Partners owned approximately 0.08% of Kimco Realty worth $12,997,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KIM. Generali Asset Management SPA SGR acquired a new stake in shares of Kimco Realty during the fourth quarter worth approximately $610,000. Thrivent Financial for Lutherans increased its holdings in shares of Kimco Realty by 20.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 311,060 shares of the real estate investment trust's stock valued at $7,288,000 after purchasing an additional 52,467 shares in the last quarter. Cibc World Markets Corp raised its position in Kimco Realty by 12.2% in the 4th quarter. Cibc World Markets Corp now owns 302,477 shares of the real estate investment trust's stock worth $7,087,000 after purchasing an additional 32,855 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Kimco Realty by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after buying an additional 539 shares in the last quarter. Finally, AGF Management Ltd. boosted its position in Kimco Realty by 1.5% in the 4th quarter. AGF Management Ltd. now owns 121,921 shares of the real estate investment trust's stock valued at $2,857,000 after buying an additional 1,806 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KIM. JPMorgan Chase & Co. dropped their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Mizuho dropped their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Scotiabank reduced their target price 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. Evercore ISI lowered their price target 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. Finally, Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.50.

Kimco Realty Trading Down 0.7 %

NYSE:KIM traded down $0.14 on Tuesday, reaching $21.19. The company's stock had a trading volume of 4,666,617 shares, compared to its average volume of 4,075,333. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The business's 50-day moving average price is $21.85 and its two-hundred day moving average price is $23.18. The firm has a market cap of $14.40 billion, a PE ratio of 37.84, a PEG ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Equities research analysts anticipate 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 was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio 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.