Sei Investments Co. Has $78.85 Million Stake in Kimco Realty Corp (NYSE:KIM)

Sei Investments Co. reduced its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,365,538 shares of the real estate investment trust's stock after selling 71,678 shares during the quarter. Sei Investments Co. owned 0.50% of Kimco Realty worth $78,854,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. 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 valued at $340,000 after purchasing an additional 482 shares during the period. Keybank National Association OH increased its position in 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 worth $305,000 after buying an additional 496 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Kimco Realty by 4.4% in 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 period. Coldstream Capital Management Inc. lifted its position in shares of Kimco Realty by 2.5% in the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust's stock valued at $544,000 after buying an additional 565 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Kimco Realty by 4.4% during the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust's stock worth $341,000 after acquiring an additional 611 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KIM shares. JPMorgan Chase & Co. cut their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Mizuho cut their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Scotiabank decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Evercore ISI cut their price objective 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, Wells Fargo & Company reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.43.

Kimco Realty Price Performance

KIM traded down $0.20 on Thursday, hitting $21.01. 5,928,203 shares of the stock were exchanged, compared to its average volume of 4,069,121. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The business has a 50-day moving average of $21.81 and a two-hundred day moving average of $23.15.

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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Sell-side analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.76%. Kimco Realty's payout ratio is 178.57%.

Kimco Realty 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.