Legal & General Group Plc lessened its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 19.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,774,607 shares of the real estate investment trust's stock after selling 1,403,310 shares during the period. Legal & General Group Plc owned approximately 0.86% of Kimco Realty worth $135,299,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of KIM. Captrust Financial Advisors raised its holdings in shares of Kimco Realty by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust's stock worth $340,000 after acquiring an additional 482 shares during the last quarter. Keybank National Association OH boosted its position in shares of Kimco Realty by 4.0% during the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 496 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock valued at $301,000 after buying an additional 539 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock worth $544,000 after buying an additional 565 shares in the last quarter. Finally, Pitcairn Co. raised its position in Kimco Realty by 4.0% in the 4th quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock valued at $341,000 after buying an additional 567 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on KIM shares. JPMorgan Chase & Co. lowered their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company decreased their target price 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. Evercore ISI reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set an "in-line" rating for the company in a research report on Tuesday, December 24th. Finally, Citigroup lowered their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Nine 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.75.
Read Our Latest Analysis on KIM
Kimco Realty Price Performance
Shares of KIM traded up $0.08 during trading hours on Tuesday, reaching $20.37. 2,311,312 shares of the company's stock traded hands, compared to its average volume of 4,367,298. The firm's 50 day simple moving average is $21.09 and its 200-day simple moving average is $22.81. The stock has a market cap of $13.84 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. 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 12 month low of $17.57 and a 12 month high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.
Kimco Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.91%. Kimco Realty's payout ratio is 178.57%.
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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