44,587 Shares in Kimco Realty Corp (NYSE:KIM) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,587 shares of the real estate investment trust's stock, valued at approximately $1,045,000.

A number of other institutional investors have also recently bought and sold shares of KIM. GSA Capital Partners LLP acquired a new position in shares of Kimco Realty in the 3rd quarter worth approximately $302,000. Thrivent Financial for Lutherans raised its position in Kimco Realty by 2.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust's stock valued at $6,005,000 after purchasing an additional 5,624 shares during the last quarter. Quest Partners LLC raised its position in Kimco Realty by 415,100.0% in the 3rd quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 4,151 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Kimco Realty during the third quarter worth $1,303,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust's stock worth $220,131,000 after purchasing an additional 405,685 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Trading Down 0.7 %

Kimco Realty stock traded down $0.14 during midday trading on Tuesday, hitting $21.19. 4,666,617 shares of the stock were exchanged, compared to its average volume of 4,075,333. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week 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. The stock has a market capitalization of $14.40 billion, a PE ratio of 37.84, a P/E/G ratio of 2.78 and a beta of 1.53. The company has a fifty day simple moving average of $21.85 and a two-hundred day simple moving average of $23.18.

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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 the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Friday, March 7th. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KIM shares. Jefferies Financial Group downgraded shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. decreased their price target 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. Scotiabank dropped their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Finally, Evercore ISI dropped their target price on 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. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.50.

About Kimco Realty

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.