Swiss National Bank Sells 91,500 Shares of Kimco Realty Corp (NYSE:KIM)

Swiss National Bank lessened its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,904,433 shares of the real estate investment trust's stock after selling 91,500 shares during the quarter. Swiss National Bank owned 0.28% of Kimco Realty worth $44,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kimco Realty by 842.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust's stock valued at $145,420,000 after buying an additional 5,598,091 shares during the period. Amundi increased its holdings in Kimco Realty by 70.7% in the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after buying an additional 2,484,536 shares during the period. FMR LLC increased its holdings in Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust's stock valued at $518,733,000 after buying an additional 1,283,352 shares during the period. National Pension Service increased its holdings in Kimco Realty by 4,342.8% in the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock valued at $25,264,000 after buying an additional 1,053,992 shares during the period. Finally, State Street Corp boosted its stake in shares of Kimco Realty by 2.0% in the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust's stock valued at $1,048,797,000 after purchasing an additional 882,047 shares in the last quarter. Institutional investors own 89.25% of the company's stock.

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Kimco Realty Trading Down 0.3 %

Shares of KIM stock traded down $0.06 on Thursday, reaching $20.91. The company had a trading volume of 5,105,237 shares, compared to its average volume of 4,064,937. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock has a market cap of $14.21 billion, a PE ratio of 37.34, a PEG ratio of 2.78 and a beta of 1.53. The company has a 50-day moving average of $21.90 and a 200-day moving average of $23.23. 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 issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share 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%. On average, equities analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 yield of 4.78%. The ex-dividend date is Friday, March 7th. Kimco Realty's dividend payout ratio is 178.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KIM shares. Citigroup reduced their target price 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. Mizuho reduced their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price 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 reduced 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 report on Friday, February 28th. Finally, Wells Fargo & Company reduced their price target on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.50.

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.