Douglas Lane & Associates LLC Cuts Position in Kimco Realty Corp (NYSE:KIM)

Douglas Lane & Associates LLC lowered its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,331,699 shares of the real estate investment trust's stock after selling 55,409 shares during the period. Douglas Lane & Associates LLC owned approximately 0.20% of Kimco Realty worth $28,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Keybank National Association OH boosted its position in Kimco Realty by 4.0% during the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 496 shares in the last quarter. Global Assets Advisory LLC raised its stake in shares of Kimco Realty by 5.4% during the 4th quarter. Global Assets Advisory LLC now owns 10,363 shares of the real estate investment trust's stock worth $238,000 after buying an additional 528 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Kimco Realty by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust's stock worth $301,000 after buying an additional 539 shares in the last quarter. Pitcairn Co. boosted its position in shares of Kimco Realty by 4.0% in the 4th quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust's stock worth $341,000 after buying an additional 567 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 575 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Kimco Realty Trading Down 0.3%

NYSE:KIM traded down $0.06 during mid-day trading on Wednesday, reaching $20.99. The company's stock had a trading volume of 3,677,578 shares, compared to its average volume of 4,472,173. The company's fifty day simple moving average is $20.60 and its two-hundred day simple moving average is $22.04. 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 twelve month low of $17.93 and a twelve month high of $25.83. The stock has a market cap of $14.20 billion, a P/E ratio of 37.48, a P/E/G ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The business had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. During the same period last year, the company earned $0.39 earnings per share. The company's quarterly revenue was up 965.3% on a year-over-year basis. On average, equities analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Wells Fargo & Company dropped their price objective on shares of 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. Raymond James cut their price objective on Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Monday, May 5th. Wall Street Zen cut Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $24.68.

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.