Envestnet Asset Management Inc. Has $5.88 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Envestnet Asset Management Inc. cut its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,806 shares of the real estate investment trust's stock after selling 40,194 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Kimco Realty were worth $5,876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Kimco Realty in the 4th quarter worth approximately $363,436,000. Amundi lifted its position in shares of Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after acquiring an additional 2,484,536 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Kimco Realty by 348.9% during the 4th quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust's stock worth $72,353,000 after acquiring an additional 2,420,884 shares in the last quarter. National Pension Service grew its holdings in shares of Kimco Realty by 4,342.8% in the 4th quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust's stock worth $25,264,000 after acquiring an additional 1,053,992 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Kimco Realty by 430.8% during the fourth quarter. American Century Companies Inc. now owns 1,163,087 shares of the real estate investment trust's stock worth $27,251,000 after purchasing an additional 943,956 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KIM shares. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Scotiabank lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Jefferies Financial Group lowered shares of Kimco Realty from a "buy" rating to a "hold" rating and decreased their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Finally, Mizuho reduced their price objective 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. Nine analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.68.

Kimco Realty Trading Down 0.3 %

KIM traded down $0.06 during midday trading on Friday, reaching $20.37. 4,938,678 shares of the company were exchanged, compared to its average volume of 4,395,766. The stock has a market capitalization of $13.84 billion, a P/E ratio of 36.38, a PEG ratio of 2.78 and a beta of 1.25. The stock's 50-day simple moving average is $20.78 and its 200 day simple moving average is $22.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83.

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

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is presently 178.57%.

Kimco Realty 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.