Kimco Realty Corp (NYSE:KIM) Position Trimmed by Allstate Corp

Allstate Corp reduced its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,532 shares of the real estate investment trust's stock after selling 33,185 shares during the quarter. Allstate Corp's holdings in Kimco Realty were worth $2,871,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Kimco Realty during the 4th quarter worth approximately $363,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 in the last quarter. Amundi boosted its position in shares of Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock worth $132,227,000 after acquiring an additional 2,484,536 shares in the last quarter. FMR LLC boosted its holdings in 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 valued at $518,733,000 after purchasing an additional 1,283,352 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Kimco Realty by 4,342.8% during the 4th 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. Institutional investors and hedge funds own 89.25% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KIM shares. Evercore ISI reduced their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a report on Tuesday, December 24th. Wells Fargo & Company dropped their target price on 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 decreased 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. Mizuho dropped their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.43.

Kimco Realty Stock Down 5.2 %

Shares of NYSE:KIM traded down $1.12 during mid-day trading on Thursday, hitting $20.33. 2,403,147 shares of the company traded hands, compared to its average volume of 4,233,177. The firm has a market cap of $13.81 billion, a P/E ratio of 36.30, a PEG ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The firm's 50 day simple moving average is $21.69 and its 200 day simple moving average is $23.07. 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 (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting 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 analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Friday, March 7th. Kimco Realty's payout ratio is currently 178.57%.

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.