Kimco Realty Corp (NYSE:KIM) Shares Sold by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC cut its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 24.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,382,396 shares of the real estate investment trust's stock after selling 458,671 shares during the period. Kimco Realty makes up about 1.4% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 23rd largest holding. Lasalle Investment Management Securities LLC owned 0.21% of Kimco Realty worth $32,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in shares of Kimco Realty by 7.9% during the 4th quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after purchasing an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kimco Realty by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after purchasing an additional 377,074 shares in the last quarter. Invesco Ltd. raised its stake in Kimco Realty by 18.3% in the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after purchasing an additional 2,692,258 shares during the last quarter. Norges Bank purchased a new position in Kimco Realty in the 4th quarter valued at $363,436,000. Finally, Dimensional Fund Advisors LP boosted its stake in Kimco Realty by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,243,843 shares of the real estate investment trust's stock worth $240,010,000 after purchasing an additional 134,634 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

KIM has been the topic of several research reports. Citigroup decreased their price target 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, March 17th. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Scotiabank cut their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Nine research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Stock Down 0.3 %

Shares of KIM traded down $0.07 during mid-day trading on Thursday, hitting $20.44. 7,684,562 shares of the company's stock were exchanged, compared to its average volume of 4,388,398. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 2.78 and a beta of 1.25. The stock's 50-day moving average is $20.83 and its 200-day moving average is $22.68. Kimco Realty Corp has a fifty-two week low of $17.93 and a fifty-two week high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is presently 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.