Andra AP fonden Reduces Stock Position in Kimco Realty Corp (NYSE:KIM)

Andra AP fonden cut its holdings in Kimco Realty Corp (NYSE:KIM) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,100 shares of the real estate investment trust’s stock after selling 49,700 shares during the quarter. Andra AP fonden’s holdings in Kimco Realty were worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of KIM. Captrust Financial Advisors grew its position 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 worth $340,000 after buying an additional 482 shares during the last quarter. Keybank National Association OH lifted its stake in Kimco Realty by 4.0% in the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 496 shares during the period. Coldstream Capital Management Inc. boosted its holdings in 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 acquiring an additional 565 shares in the last quarter. Savant Capital LLC increased its position in 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 valued at $341,000 after purchasing an additional 611 shares during the period. Finally, Ieq Capital LLC raised its holdings in Kimco Realty by 5.4% in the 4th quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.3 %

NYSE:KIM opened at $21.40 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The firm has a market cap of $14.54 billion, a P/E ratio of 38.22, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The firm has a 50-day simple moving average of $22.23 and a two-hundred day simple moving average of $23.36.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 178.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KIM shares. Robert W. Baird lifted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Evercore ISI cut their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their price target on 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. Finally, JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Ten 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.43.

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.