Ameriprise Financial Inc. lessened its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 989,765 shares of the real estate investment trust's stock after selling 48,300 shares during the quarter. Ameriprise Financial Inc. owned 0.15% of Kimco Realty worth $23,190,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Barclays PLC raised its stake in Kimco Realty by 14.3% in the 3rd quarter. Barclays PLC now owns 1,848,159 shares of the real estate investment trust's stock valued at $42,915,000 after purchasing an additional 231,606 shares during the last quarter. Czech National Bank lifted its stake in shares of Kimco Realty by 6.4% during the fourth quarter. Czech National Bank now owns 146,155 shares of the real estate investment trust's stock valued at $3,424,000 after acquiring an additional 8,832 shares during the period. Avanza Fonder AB bought a new stake in Kimco Realty in the fourth quarter valued at about $1,204,000. O Keefe Stevens Advisory Inc. lifted its position in shares of Kimco Realty by 1.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 378,489 shares of the real estate investment trust's stock valued at $8,868,000 after buying an additional 3,791 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its stake in Kimco Realty by 6.4% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 46,292 shares of the real estate investment trust's stock worth $1,085,000 after acquiring an additional 2,796 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Kimco Realty Trading Up 0.0%
Shares of NYSE:KIM traded up $0.01 during trading on Monday, reaching $21.70. 951,856 shares of the company were exchanged, compared to its average volume of 4,450,727. The firm has a market capitalization of $14.68 billion, a PE ratio of 38.74, a P/E/G ratio of 2.78 and a beta of 1.26. The business's fifty day simple moving average is $20.57 and its 200-day simple moving average is $22.32. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company's revenue for the quarter was up 965.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current year.
Kimco Realty Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. Kimco Realty's dividend payout ratio (DPR) is currently 129.87%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on KIM. Mizuho decreased their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Piper Sandler reduced their price objective on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company lowered their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Raymond James decreased their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Monday, May 5th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and an average price target of $24.68.
Check Out Our Latest Stock Report on KIM
Kimco Realty Company Profile
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Free Report)
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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