New York State Teachers Retirement System cut its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 629,873 shares of the real estate investment trust's stock after selling 76,090 shares during the period. New York State Teachers Retirement System owned 0.09% of Kimco Realty worth $14,758,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. grew its holdings in shares of Kimco Realty by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock worth $28,868,000 after purchasing an additional 12,705 shares during the period. Values First Advisors Inc. increased its position in shares of Kimco Realty by 3.6% during the fourth quarter. Values First Advisors Inc. now owns 27,091 shares of the real estate investment trust's stock valued at $635,000 after acquiring an additional 942 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of Kimco Realty during the fourth quarter valued at about $889,000. Savant Capital LLC raised its stake in shares of Kimco Realty by 4.4% in the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock valued at $341,000 after acquiring an additional 611 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Kimco Realty in the 4th quarter worth approximately $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on KIM shares. Jefferies Financial Group lowered Kimco Realty from a "buy" rating to a "hold" rating and cut their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Scotiabank boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, November 25th. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday. Evercore ISI dropped their target price on Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Finally, Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Ten analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.83.
View Our Latest Research Report on Kimco Realty
Kimco Realty Stock Down 0.5 %
NYSE:KIM traded down $0.11 during midday trading on Friday, hitting $21.52. 3,265,437 shares of the company were exchanged, compared to its average volume of 4,500,597. 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 market capitalization of $14.50 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 2.77 and a beta of 1.50. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $22.67 and a 200 day simple moving average of $23.37.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, equities analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, March 7th. Kimco Realty's payout ratio is currently 178.57%.
About Kimco Realty
(
Free Report)
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.
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