Kimco Realty Corp (NYSE:KIM) Position Lessened by Barclays PLC

Barclays PLC reduced its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,177,353 shares of the real estate investment trust's stock after selling 670,806 shares during the period. Barclays PLC owned about 0.17% of Kimco Realty worth $27,585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KIM. Advisors Capital Management LLC raised its holdings in Kimco Realty by 1.4% in the fourth quarter. Advisors Capital Management LLC now owns 172,926 shares of the real estate investment trust's stock valued at $4,052,000 after acquiring an additional 2,418 shares in the last quarter. Townsquare Capital LLC grew its position in shares of Kimco Realty by 5.3% in the 4th quarter. Townsquare Capital LLC now owns 13,770 shares of the real estate investment trust's stock worth $323,000 after acquiring an additional 688 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Kimco Realty by 26.7% in the 4th quarter. Sterling Capital Management LLC now owns 66,122 shares of the real estate investment trust's stock worth $1,549,000 after purchasing an additional 13,929 shares during the last quarter. Quinn Opportunity Partners LLC increased its position in shares of Kimco Realty by 146.2% during the 4th quarter. Quinn Opportunity Partners LLC now owns 74,100 shares of the real estate investment trust's stock valued at $1,736,000 after purchasing an additional 44,000 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Kimco Realty by 0.5% during the 4th quarter. Treasurer of the State of North Carolina now owns 297,456 shares of the real estate investment trust's stock valued at $6,969,000 after acquiring an additional 1,350 shares in the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KIM. Scotiabank reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Citigroup cut their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Mizuho cut their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered 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 report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Trading Up 0.1 %

Shares of KIM traded up $0.03 during trading hours on Thursday, reaching $20.54. 2,109,338 shares of the company traded hands, compared to its average volume of 4,368,028. The company's fifty day moving average price is $20.83 and its two-hundred day moving average price is $22.68. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is 178.57%.

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.