Sumitomo Mitsui Trust Group Inc. cut its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,396,122 shares of the real estate investment trust's stock after selling 390,504 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.50% of Kimco Realty worth $79,571,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in Kimco Realty during the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kimco Realty during the third quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new position in Kimco Realty in the 3rd quarter valued at $37,000. Quarry LP purchased a new stake in Kimco Realty during the 3rd quarter valued at about $51,000. Finally, Castleview Partners LLC purchased a new position in Kimco Realty in the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 89.25% of the company's stock.
Kimco Realty Stock Up 0.6 %
KIM traded up $0.13 during trading hours on Thursday, hitting $22.42. 4,193,530 shares of the company's stock were exchanged, compared to its average volume of 4,545,805. The firm has a market cap of $15.11 billion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average of $23.04 and a 200 day moving average of $23.38.
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, hitting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Friday, March 7th. Kimco Realty's payout ratio is presently 178.57%.
Analysts Set New Price Targets
A number of brokerages have issued reports on KIM. Wells Fargo & Company cut their target price on Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Scotiabank upped 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. Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and cut their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Robert W. Baird upped their price target on Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut Kimco Realty from an "overweight" rating to a "neutral" rating and set a $26.00 price target for the company. in a report on Friday, December 20th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.97.
View Our Latest Analysis on Kimco Realty
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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