Vanguard Group Inc. lessened its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 109,019,819 shares of the real estate investment trust's stock after selling 572,564 shares during the quarter. Vanguard Group Inc. owned about 16.17% of Kimco Realty worth $2,554,334,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of KIM. Wilmington Savings Fund Society FSB acquired a new stake in Kimco Realty during the third quarter worth approximately $31,000. Brooklyn Investment Group acquired a new stake in Kimco Realty during the 3rd quarter worth approximately $37,000. Catalyst Capital Advisors LLC lifted its holdings in Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,104 shares during the last quarter. Quarry LP bought a new stake in Kimco Realty in the 3rd quarter valued at $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Kimco Realty in the 4th quarter valued at $77,000. Institutional investors own 89.25% of the company's stock.
Analysts Set New Price Targets
KIM has been the subject of a number of recent research reports. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and reduced their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. 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 report on Tuesday, December 24th. Mizuho decreased 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 report on Tuesday, February 25th. Scotiabank dropped their price target 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. Finally, Citigroup reduced their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.43.
Read Our Latest Research Report on KIM
Kimco Realty Price Performance
Shares of NYSE KIM traded down $0.08 during midday trading on Friday, reaching $20.94. 2,520,349 shares of the company were exchanged, compared to its average volume of 4,252,877. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The stock has a market cap of $14.23 billion, a P/E ratio of 37.38, a PEG ratio of 2.78 and a beta of 1.53. The stock's 50-day moving average price is $21.76 and its 200-day moving average price is $23.12.
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 EPS for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. On average, sell-side analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The firm also recently declared 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. 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 4.78%. Kimco Realty's dividend payout ratio (DPR) is presently 178.57%.
Kimco Realty 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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