California Public Employees Retirement System decreased its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,090,636 shares of the real estate investment trust's stock after selling 78,692 shares during the quarter. California Public Employees Retirement System owned 0.16% of Kimco Realty worth $25,554,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in KIM. Summit Securities Group LLC bought a new position in Kimco Realty in the 4th quarter valued at approximately $26,000. Schroder Investment Management Group lifted its holdings in shares of Kimco Realty by 348.9% during the fourth quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock valued at $72,353,000 after purchasing an additional 2,420,884 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of 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 purchasing an additional 575 shares in the last quarter. DnB Asset Management AS increased its holdings in Kimco Realty by 4.7% in the 4th quarter. DnB Asset Management AS now owns 116,407 shares of the real estate investment trust's stock worth $2,727,000 after buying an additional 5,276 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Kimco Realty by 4.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,086,281 shares of the real estate investment trust's stock worth $25,452,000 after buying an additional 43,610 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.
Kimco Realty Price Performance
Shares of KIM stock traded down $0.45 on Tuesday, hitting $18.67. 7,893,025 shares of the stock traded hands, compared to its average volume of 4,332,762. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The firm has a 50 day simple moving average of $21.32 and a two-hundred day simple moving average of $22.92. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83.
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, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.36%. Kimco Realty's dividend payout ratio is 178.57%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Citigroup lowered their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Mizuho cut 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 lowered their target price on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. 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. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.75.
Read Our Latest Report on KIM
Kimco Realty Profile
(
Free Report)
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.
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