Centersquare Investment Management LLC cut its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,266,971 shares of the real estate investment trust's stock after selling 5,585,617 shares during the quarter. Kimco Realty accounts for 2.0% of Centersquare Investment Management LLC's portfolio, making the stock its 17th biggest holding. Centersquare Investment Management LLC owned 1.23% of Kimco Realty worth $193,695,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KIM. Norges Bank acquired a new position in Kimco Realty during the fourth quarter worth about $363,436,000. Amundi boosted its stake in shares of Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after acquiring an additional 2,484,536 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Kimco Realty by 348.9% in the 4th quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock worth $72,353,000 after acquiring an additional 2,420,884 shares during the period. National Pension Service increased its stake 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 purchasing an additional 1,053,992 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Kimco Realty by 430.8% in the 4th quarter. American Century Companies Inc. now owns 1,163,087 shares of the real estate investment trust's stock valued at $27,251,000 after purchasing an additional 943,956 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Citigroup lowered their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Wells Fargo & Company dropped their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and lowered their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, Evercore ISI cut their price objective on 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. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.75.
Read Our Latest Stock Analysis on Kimco Realty
Kimco Realty Trading Down 1.4 %
KIM traded down $0.26 during midday trading on Wednesday, hitting $18.44. The company's stock had a trading volume of 2,816,939 shares, compared to its average volume of 4,327,168. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The firm has a 50-day moving average price of $21.32 and a two-hundred day moving average price of $22.92. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market cap of $12.53 billion, a P/E ratio of 32.92, a PEG ratio of 2.78 and a beta of 1.25.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, research analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.
Kimco Realty Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 5.42%. Kimco Realty's dividend payout ratio is presently 178.57%.
Kimco Realty Company Profile
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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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