Murphy Pohlad Asset Management LLC Decreases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Murphy Pohlad Asset Management LLC lessened its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,987 shares of the real estate investment trust's stock after selling 17,875 shares during the quarter. Kimco Realty accounts for approximately 1.6% of Murphy Pohlad Asset Management LLC's investment portfolio, making the stock its 20th biggest position. Murphy Pohlad Asset Management LLC's holdings in Kimco Realty were worth $3,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in shares of Kimco Realty in the 3rd quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the third quarter valued at about $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty during the third quarter valued at about $37,000. Quarry LP bought a new stake in shares of Kimco Realty during the third quarter worth about $51,000. Finally, Castleview Partners LLC acquired a new position in shares of Kimco Realty in the third quarter valued at approximately $77,000. Institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

KIM has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. 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 research report on Wednesday. Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 24th. Mizuho raised their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, Scotiabank upped their target price on Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.97.

Kimco Realty Stock Down 1.0 %

Shares of KIM traded down $0.22 during trading hours on Friday, hitting $22.46. The stock had a trading volume of 11,742,961 shares, compared to its average volume of 3,842,177. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The firm has a market capitalization of $15.14 billion, a P/E ratio of 40.83, a price-to-earnings-growth ratio of 2.90 and a beta of 1.51. The firm has a 50 day simple moving average of $23.55 and a 200-day simple moving average of $23.33. 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 released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 EPS 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 firm had revenue of $507.63 million for the quarter, compared to the consensus estimate of $502.78 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company's revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty 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.