ExodusPoint Capital Management LP lowered its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 636,692 shares of the real estate investment trust's stock after selling 655,469 shares during the quarter. ExodusPoint Capital Management LP owned about 0.09% of Kimco Realty worth $14,918,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its holdings in Kimco Realty by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after purchasing an additional 12,705 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Kimco Realty during the third quarter worth $17,636,000. B&I Capital AG raised its holdings in shares of Kimco Realty by 13.9% in the fourth quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after acquiring an additional 62,100 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Kimco Realty by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock valued at $1,319,000 after acquiring an additional 3,614 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Kimco Realty during the fourth quarter valued at $1,045,000. Institutional investors and hedge funds own 89.25% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on KIM. Wells Fargo & Company reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Citigroup lowered their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Mizuho reduced their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. Nine 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.75.
Check Out Our Latest Research Report on KIM
Kimco Realty Stock Up 7.9 %
Shares of NYSE:KIM traded up $1.47 during midday trading on Wednesday, hitting $20.17. 10,825,097 shares of the company's stock traded hands, compared to its average volume of 4,362,203. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a market cap of $13.71 billion, a PE ratio of 36.02, a P/E/G ratio of 2.78 and a beta of 1.25. 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 fifty day moving average price is $21.23 and its two-hundred day moving average price is $22.87.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its 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%. On average, equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.96%. Kimco Realty's payout ratio is currently 178.57%.
About Kimco Realty
(
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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