Vestcor Inc Reduces Holdings in Kimco Realty Corp (NYSE:KIM)

Vestcor Inc trimmed its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 83.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,270 shares of the real estate investment trust's stock after selling 71,088 shares during the period. Vestcor Inc's holdings in Kimco Realty were worth $334,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Apollon Wealth Management LLC raised its holdings in Kimco Realty by 18.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 14,887 shares of the real estate investment trust's stock valued at $346,000 after buying an additional 2,325 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Kimco Realty during the third quarter valued at about $302,000. 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 acquiring an additional 274,295 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Kimco Realty by 9.0% in the 3rd quarter. CIBC Asset Management Inc now owns 98,636 shares of the real estate investment trust's stock worth $2,290,000 after acquiring an additional 8,170 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Kimco Realty by 2.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust's stock worth $6,005,000 after purchasing an additional 5,624 shares during the period. Institutional investors and hedge funds own 89.25% of the company's stock.

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Kimco Realty Stock Performance

NYSE KIM traded down $0.14 during trading hours on Friday, hitting $20.78. 9,753,942 shares of the stock were exchanged, compared to its average volume of 4,092,101. 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 50-day moving average of $21.88 and a 200 day moving average of $23.21. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. 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 released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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%. As a group, equities research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.81%. Kimco Realty's dividend payout ratio is presently 178.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KIM shares. Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and decreased their price target for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho cut their price target 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. Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Scotiabank cut their target price 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. Finally, Evercore ISI decreased their price target 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. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average price target of $24.50.

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.