Envestnet Portfolio Solutions Inc. Reduces Holdings in Kimco Realty Corp (NYSE:KIM)

Envestnet Portfolio Solutions Inc. decreased its position in shares of Kimco Realty Corp (NYSE:KIM) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,848 shares of the real estate investment trust’s stock after selling 12,710 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Kimco Realty were worth $2,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty in the 3rd quarter worth about $31,000. Brooklyn Investment Group bought a new stake in shares of Kimco Realty in the 3rd quarter worth about $37,000. Quarry LP bought a new stake in shares of Kimco Realty in the 3rd quarter worth about $51,000. Catalyst Capital Advisors LLC increased its position in shares of Kimco Realty by 102.9% in 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. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Kimco Realty in the 4th quarter worth about $77,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.3 %

NYSE KIM opened at $20.91 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The company’s 50 day simple moving average is $21.88 and its 200 day simple moving average is $23.21. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The company has a market capitalization of $14.21 billion, a P/E ratio of 37.34, a PEG ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last released its earnings results 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%. Equities research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. The ex-dividend date is 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 is currently 178.57%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KIM shares. Scotiabank dropped their target price 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. Citigroup decreased their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Monday. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. 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 report on Tuesday, December 24th. Finally, Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. 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. According to data from MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price 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.