Schaper Benz & Wise Investment Counsel Inc. WI reduced its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,078 shares of the real estate investment trust's stock after selling 17,648 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Kimco Realty were worth $4,618,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 valued at $132,227,000 after acquiring an additional 2,484,536 shares during the last quarter. Naviter Wealth LLC increased its stake in Kimco Realty by 10.1% during the fourth quarter. Naviter Wealth LLC now owns 45,515 shares of the real estate investment trust's stock worth $1,066,000 after acquiring an additional 4,188 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Kimco Realty during the fourth quarter valued at approximately $1,952,000. Edgestream Partners L.P. lifted its stake in shares of Kimco Realty by 155.8% in the 4th quarter. Edgestream Partners L.P. now owns 326,082 shares of the real estate investment trust's stock valued at $7,640,000 after purchasing an additional 198,587 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Kimco Realty in the 4th quarter worth approximately $2,478,000. 89.25% of the stock is owned by institutional investors.
Kimco Realty Stock Up 1.2 %
Shares of KIM traded up $0.25 during mid-day trading on Wednesday, hitting $20.87. The company's stock had a trading volume of 5,409,341 shares, compared to its average volume of 4,646,837. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 2.78 and a beta of 1.53. The company's 50-day moving average is $22.14 and its 200-day moving average is $23.33. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, equities research analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.79%. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.
Analyst Ratings Changes
A number of analysts recently issued reports on KIM shares. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and lowered their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Mizuho reduced 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 report on Tuesday, February 25th. Robert W. Baird boosted their target price on Kimco Realty from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, Scotiabank reduced their price target on Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.43.
View Our Latest Stock Analysis on KIM
Kimco Realty Profile
(
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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