Handelsbanken Fonder AB lessened its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,242 shares of the real estate investment trust's stock after selling 16,500 shares during the quarter. Handelsbanken Fonder AB's holdings in Kimco Realty were worth $3,778,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ieq Capital LLC lifted its position 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 valued at $393,000 after acquiring an additional 853 shares in the last quarter. Bryn Mawr Capital Management LLC bought a new position in shares of Kimco Realty during the 4th quarter worth approximately $178,000. CIBC Asset Management Inc lifted its position in shares of Kimco Realty by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 103,273 shares of the real estate investment trust's stock worth $2,420,000 after buying an additional 4,637 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Kimco Realty by 10.1% during the 4th quarter. Sanctuary Advisors LLC now owns 40,288 shares of the real estate investment trust's stock worth $914,000 after buying an additional 3,684 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in shares of 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 in the last quarter. Institutional investors own 89.25% of the company's stock.
Kimco Realty stock opened at $21.52 on Monday. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.78 and a beta of 1.50. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a 50 day simple moving average of $22.61 and a 200 day simple moving average of $23.39.
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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty's payout ratio is 178.57%.
Several equities analysts have commented on the stock. Evercore ISI dropped their target price on shares of 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. Scotiabank lifted their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. Jefferies Financial Group cut shares of Kimco Realty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. UBS Group raised their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Robert W. Baird raised their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.83.
Get Our Latest Stock Analysis on Kimco Realty
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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