Grace & White Inc. NY Decreases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Grace & White Inc. NY trimmed its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 326,087 shares of the real estate investment trust's stock after selling 14,307 shares during the quarter. Kimco Realty accounts for about 1.4% of Grace & White Inc. NY's holdings, making the stock its 22nd largest position. Grace & White Inc. NY's holdings in Kimco Realty were worth $7,640,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in KIM. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty during the third quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new stake in Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group purchased a new stake in Kimco Realty in the 3rd quarter worth approximately $37,000. Quarry LP bought a new position in Kimco Realty in the 3rd quarter valued at $51,000. Finally, Castleview Partners LLC bought a new position in Kimco Realty in the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Evercore ISI lowered their price target 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. Mizuho boosted their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Scotiabank raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, November 25th. Finally, Robert W. Baird upped their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and an average price target of $24.97.

Kimco Realty Trading Down 2.6 %

Shares of Kimco Realty stock traded down $0.59 during trading on Friday, reaching $21.85. 5,258,357 shares of the stock were exchanged, compared to its average volume of 4,318,381. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. The stock's fifty day moving average is $22.92 and its 200 day moving average is $23.38.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. As a group, equities research analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, March 7th. Kimco Realty's dividend payout ratio is presently 181.82%.

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.