Duff & Phelps Investment Management Co. Reduces Stock Position in Kimco Realty Corp (NYSE:KIM)

Duff & Phelps Investment Management Co. lowered its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,322,192 shares of the real estate investment trust's stock after selling 1,062,736 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.49% of Kimco Realty worth $77,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KIM. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty during the third quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $37,000. Catalyst Capital Advisors LLC increased its position in Kimco Realty by 102.9% in the fourth 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. Quarry LP purchased a new stake in Kimco Realty during the third quarter valued at $51,000. Finally, CoreFirst Bank & Trust bought a new position in Kimco Realty during the fourth quarter valued at $76,000. Institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KIM. Wells Fargo & Company cut their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. cut their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Scotiabank decreased their price target on 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. Citigroup dropped their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.43.

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Kimco Realty Stock Down 0.3 %

NYSE KIM traded down $0.07 during trading on Tuesday, hitting $21.17. The company's stock had a trading volume of 968,458 shares, compared to its average volume of 4,239,537. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. 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 company has a market cap of $14.39 billion, a PE ratio of 37.92, a P/E/G ratio of 2.78 and a beta of 1.53. The business's 50 day simple moving average is $21.74 and its 200-day simple moving average is $23.10.

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 (EPS) 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%. On average, equities analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

Kimco Realty 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.