Corient Private Wealth LLC Decreases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Corient Private Wealth LLC cut its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,032 shares of the real estate investment trust's stock after selling 26,634 shares during the period. Corient Private Wealth LLC's holdings in Kimco Realty were worth $2,250,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KIM. Wilmington Savings Fund Society FSB purchased a new position in Kimco Realty during the 3rd quarter worth $31,000. Brooklyn Investment Group purchased a new stake in shares of Kimco Realty during the third quarter worth about $37,000. Quarry LP acquired a new position in shares of Kimco Realty during the third quarter valued at about $51,000. Catalyst Capital Advisors LLC raised its position in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Kimco Realty in the 4th quarter worth approximately $77,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent analyst reports. Wells Fargo & Company cut 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 research note on Wednesday. Citigroup cut their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Scotiabank lowered their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Evercore ISI cut their price objective on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.43.

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Kimco Realty Price Performance

Kimco Realty stock traded down $0.20 during trading on Thursday, reaching $21.01. The company had a trading volume of 5,928,203 shares, compared to its average volume of 4,069,121. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm's 50-day simple moving average is $21.81 and its 200 day simple moving average is $23.15. The firm has a market capitalization of $14.27 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83.

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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, equities research analysts anticipate 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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is currently 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.