Kimco Realty Corp (NYSE:KIM) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,848 shares of the real estate investment trust's stock after selling 12,710 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Kimco Realty were worth $2,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KIM. State Street Corp grew its holdings in shares of Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after buying an additional 882,047 shares during the last quarter. FMR LLC raised its stake in shares of Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Kimco Realty by 0.3% in the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust's stock worth $398,468,000 after purchasing an additional 53,378 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimco Realty by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust's stock worth $224,496,000 after purchasing an additional 101,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kimco Realty by 842.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after buying an additional 5,598,091 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

KIM has been the subject of several research reports. Mizuho decreased their price objective 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. Citigroup lowered their price objective 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. Wells Fargo & Company dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Ten research 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.50.

Kimco Realty Stock Down 0.7 %

KIM traded down $0.14 during trading hours on Tuesday, hitting $21.19. 4,666,617 shares of the company's stock were exchanged, compared to its average volume of 4,075,333. The firm has a market cap of $14.40 billion, a P/E ratio of 37.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. 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 50 day moving average of $21.85 and a 200 day moving average of $23.18.

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, hitting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.72%. 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.