Kimco Realty Corp (NYSE:KIM) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 934,232 shares of the real estate investment trust's stock after selling 76,101 shares during the period. California State Teachers Retirement System owned 0.14% of Kimco Realty worth $21,889,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Barclays PLC grew its holdings in Kimco Realty by 14.3% during 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 buying an additional 231,606 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Kimco Realty by 26.8% during the 4th quarter. Blue Trust Inc. now owns 8,013 shares of the real estate investment trust's stock valued at $186,000 after buying an additional 1,696 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Kimco Realty by 12.6% in the fourth quarter. Pacer Advisors Inc. now owns 56,298 shares of the real estate investment trust's stock valued at $1,319,000 after buying an additional 6,293 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Kimco Realty by 18.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 781,532 shares of the real estate investment trust's stock worth $18,311,000 after acquiring an additional 124,453 shares in the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of Kimco Realty by 93.4% during the fourth quarter. Forsta AP Fonden now owns 287,200 shares of the real estate investment trust's stock worth $6,729,000 after buying an additional 138,700 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KIM has been the subject of several recent research reports. Wall Street Zen lowered shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Wells Fargo & Company cut their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Citigroup lowered their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Scotiabank decreased their price target on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Finally, Mizuho reduced their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Kimco Realty presently has an average rating of "Hold" and an average target price of $24.68.

Kimco Realty Stock Performance

NYSE KIM traded down $0.11 on Tuesday, reaching $21.06. 715,135 shares of the stock were exchanged, compared to its average volume of 4,465,589. The firm has a market capitalization of $14.25 billion, a PE ratio of 37.61, a PEG ratio of 2.78 and a beta of 1.26. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The company's 50-day simple moving average is $20.60 and its two-hundred day simple moving average is $22.04.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, beating 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 firm had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's quarterly revenue was up 965.3% on a year-over-year basis. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's payout ratio is currently 129.87%.

About 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.