Rhumbline Advisers cut its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,264,662 shares of the real estate investment trust's stock after selling 17,214 shares during the quarter. Rhumbline Advisers owned about 0.19% of Kimco Realty worth $29,631,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Lord Abbett & CO. LLC acquired a new position in shares of Kimco Realty in the third quarter valued at approximately $17,636,000. Asset Management One Co. Ltd. lifted its position in Kimco Realty by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after acquiring an additional 12,705 shares in the last quarter. Nordea Investment Management AB boosted its stake in Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust's stock worth $1,319,000 after purchasing an additional 3,614 shares during the period. Point72 DIFC Ltd bought a new position in Kimco Realty during the 3rd quarter worth about $2,387,000. Finally, Victory Capital Management Inc. raised its stake in shares of Kimco Realty by 48.8% in the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust's stock valued at $19,422,000 after purchasing an additional 274,295 shares during the period. 89.25% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on KIM shares. Robert W. Baird upped their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Mizuho upped their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday. UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company decreased their target price on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.83.
Check Out Our Latest Stock Report on Kimco Realty
Kimco Realty Stock Performance
NYSE KIM traded down $0.11 during trading on Friday, reaching $21.52. 3,264,998 shares of the company's stock were exchanged, compared to its average volume of 4,493,170. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The business has a 50 day moving average price of $22.67 and a 200-day moving average price of $23.37. The stock has a market capitalization of $14.50 billion, a P/E ratio of 38.42, a PEG ratio of 2.77 and a beta of 1.50. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Sell-side analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, March 7th. Kimco Realty's payout ratio is 178.57%.
Kimco Realty Company Profile
(
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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