Kimco Realty Corp (NYSE:KIM) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in Kimco Realty Corp (NYSE:KIM) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 96,118 shares of the real estate investment trust’s stock after selling 2,714 shares during the quarter. Xponance Inc.’s holdings in Kimco Realty were worth $2,252,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group purchased a new position in Kimco Realty in the 3rd quarter valued at $37,000. Quarry LP acquired a new position in Kimco Realty in the 3rd quarter valued at $51,000. Catalyst Capital Advisors LLC raised its position 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 buying an additional 1,104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Kimco Realty in the 4th quarter worth $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.6 %

Shares of Kimco Realty stock opened at $20.78 on Friday. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. 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 business has a 50 day moving average price of $21.86 and a 200 day moving average price of $23.19. The company has a market capitalization of $14.12 billion, a P/E ratio of 37.10, a P/E/G ratio of 2.78 and a beta of 1.53.

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

Kimco Realty Announces Dividend

The company 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 4.81%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Analysts Set New Price Targets

Several research firms recently issued reports on KIM. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Evercore ISI dropped their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Mizuho reduced their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Citigroup lowered their price target 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, March 17th. Ten investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.