Kimco Realty Corp (NYSE:KIM) Stock Position Decreased by KBC Group NV

KBC Group NV trimmed its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 616,168 shares of the real estate investment trust's stock after selling 53,755 shares during the period. KBC Group NV owned about 0.09% of Kimco Realty worth $14,437,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors lifted its stake in Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock worth $340,000 after purchasing an additional 482 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock valued at $544,000 after buying an additional 565 shares during the period. CWM LLC grew its position in shares of Kimco Realty by 4.7% during the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust's stock valued at $309,000 after buying an additional 595 shares during the last quarter. Truist Financial Corp raised its stake in Kimco Realty by 2.0% during the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust's stock worth $724,000 after acquiring an additional 746 shares during the period. Finally, Signaturefd LLC lifted its holdings in Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust's stock worth $196,000 after acquiring an additional 783 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on KIM shares. Wells Fargo & Company lowered their target price on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday. Scotiabank increased their target price on Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. cut shares of Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price objective on the stock. in a report on Friday, December 20th. Finally, UBS Group boosted their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty presently has a consensus rating of "Hold" and a consensus target price of $24.84.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded up $0.22 during trading on Thursday, hitting $22.64. The stock had a trading volume of 1,569,991 shares, compared to its average volume of 4,119,986. The business has a fifty day moving average of $23.66 and a two-hundred day moving average of $23.30. The firm has a market cap of $15.26 billion, a P/E ratio of 41.30, a PEG ratio of 2.87 and a beta of 1.51. 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 3.59 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same quarter last year, the business posted $0.40 EPS. The business's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

About Kimco Realty

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.