Envestnet Asset Management Inc. Has $5.88 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Envestnet Asset Management Inc. decreased its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,806 shares of the real estate investment trust's stock after selling 40,194 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Kimco Realty were worth $5,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Kimco Realty during the 4th quarter valued at about $363,436,000. Amundi boosted its position in Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after purchasing an additional 2,484,536 shares during the period. Schroder Investment Management Group raised its position in shares of Kimco Realty by 348.9% in 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 during the period. National Pension Service lifted its stake in shares of Kimco Realty by 4,342.8% in the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock worth $25,264,000 after buying an additional 1,053,992 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Kimco Realty by 430.8% during the 4th quarter. American Century Companies Inc. now owns 1,163,087 shares of the real estate investment trust's stock worth $27,251,000 after buying an additional 943,956 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Citigroup cut their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Scotiabank lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Finally, Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Nine investment 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Trading Down 0.7 %

NYSE:KIM traded down $0.14 on Friday, hitting $20.30. 2,527,990 shares of the stock were exchanged, compared to its average volume of 4,386,158. 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 Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 36.26, a P/E/G ratio of 2.78 and a beta of 1.25. The company's 50-day moving average price is $20.80 and its 200 day moving average price is $22.67.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting 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 research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is presently 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.