Franklin Resources Inc. Sells 14,557 Shares of Kimco Realty Corp (NYSE:KIM)

Franklin Resources Inc. reduced its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,169 shares of the real estate investment trust's stock after selling 14,557 shares during the quarter. Franklin Resources Inc.'s holdings in Kimco Realty were worth $6,916,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Kimco Realty during the fourth quarter worth about $363,436,000. Amundi grew its stake 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. Schroder Investment Management Group raised its holdings in shares of Kimco Realty by 348.9% in the fourth quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock valued at $72,353,000 after purchasing an additional 2,420,884 shares during the last quarter. National Pension Service lifted its position in shares of Kimco Realty by 4,342.8% in the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock worth $25,264,000 after purchasing an additional 1,053,992 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Kimco Realty by 430.8% during the fourth quarter. American Century Companies Inc. now owns 1,163,087 shares of the real estate investment trust's stock worth $27,251,000 after purchasing an additional 943,956 shares during the last quarter. Institutional investors own 89.25% of the company's stock.

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Kimco Realty Stock Performance

Shares of NYSE KIM traded up $0.15 during mid-day trading on Tuesday, reaching $20.44. 545,308 shares of the company were exchanged, compared to its average volume of 4,359,724. The stock has a market capitalization of $13.89 billion, a P/E ratio of 36.49, a P/E/G ratio of 2.78 and a beta of 1.25. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The company's 50-day simple moving average is $21.09 and its 200-day simple moving average is $22.81. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83.

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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's dividend payout ratio is 178.57%.

Analyst Ratings Changes

Several equities research analysts have commented on KIM shares. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and cut their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Scotiabank decreased their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped their price objective on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Evercore ISI decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research note on Tuesday, December 24th. Nine equities 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.75.

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.