Kimco Realty Corp (NYSE:KIM) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,990 shares of the real estate investment trust's stock after selling 52,990 shares during the quarter. Tredje AP fonden's holdings in Kimco Realty were worth $1,242,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimco Realty by 842.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after purchasing an additional 5,598,091 shares during the last quarter. Amundi boosted its holdings in Kimco Realty by 70.7% in the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after purchasing an additional 2,484,536 shares during the last quarter. FMR LLC boosted its holdings in Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. National Pension Service boosted its stake in shares of Kimco Realty by 4,342.8% during the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock worth $25,264,000 after acquiring an additional 1,053,992 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Kimco Realty by 2.0% during the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock worth $1,048,797,000 after acquiring an additional 882,047 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Mizuho lowered their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Citigroup lowered their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Evercore ISI lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Kimco Realty has a consensus rating of "Moderate Buy" and an average price target of $24.50.

Kimco Realty Price Performance

KIM stock traded down $0.01 during mid-day trading on Wednesday, reaching $20.95. The company's stock had a trading volume of 4,708,724 shares, compared to its average volume of 4,062,253. The stock has a market cap of $14.23 billion, a PE ratio of 37.40, a P/E/G ratio of 2.78 and a beta of 1.53. 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 fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company's 50 day moving average is $21.92 and its two-hundred day moving average is $23.24.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.77%. Kimco Realty's dividend payout ratio is currently 178.57%.

Kimco Realty Company 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.