AEGON ASSET MANAGEMENT UK Plc Sells 80,805 Shares of Kimco Realty Corp (NYSE:KIM)

AEGON ASSET MANAGEMENT UK Plc trimmed its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 9.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734,172 shares of the real estate investment trust's stock after selling 80,805 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.11% of Kimco Realty worth $15,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of Kimco Realty by 7.9% in the fourth quarter. FMR LLC now owns 24,095,602 shares of the real estate investment trust's stock worth $564,560,000 after acquiring an additional 1,755,684 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kimco Realty by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 17,592,283 shares of the real estate investment trust's stock worth $411,179,000 after purchasing an additional 377,074 shares during the period. Invesco Ltd. lifted its position in Kimco Realty by 18.3% during the fourth quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock valued at $407,301,000 after buying an additional 2,692,258 shares in the last quarter. Resolution Capital Ltd boosted its position in Kimco Realty by 13.7% during the 4th quarter. Resolution Capital Ltd now owns 16,578,826 shares of the real estate investment trust's stock worth $388,442,000 after purchasing an additional 1,992,550 shares during the period. Finally, Norges Bank acquired a new stake in shares of Kimco Realty in the fourth quarter valued at about $363,436,000. Institutional investors and hedge funds own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KIM. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Mizuho decreased their price objective on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Scotiabank dropped their price target 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, April 23rd. Wells Fargo & Company lowered their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Wall Street Zen downgraded Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $24.68.

Kimco Realty Stock Down 0.3%

KIM traded down $0.06 during trading on Wednesday, reaching $20.99. 3,677,846 shares of the stock were exchanged, compared to its average volume of 4,471,543. The stock has a market cap of $14.20 billion, a P/E ratio of 37.48, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The stock's 50 day moving average price is $20.60 and its two-hundred day moving average price is $22.04. Kimco Realty Corp has a twelve month low of $17.93 and a twelve 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, topping analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The company had revenue of $536.62 million during the quarter, compared to analysts' expectations of $520.68 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business's revenue was up 965.3% on a year-over-year basis. Equities analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. Kimco Realty's payout ratio is 129.87%.

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.