Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 33,400 Shares of Kimco Realty Corporation $KIM

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Kimco Realty Corporation by 13.4%, owning 215,374 shares worth approximately $4.58 million.
• Institutional investors and hedge funds collectively control 89.25% of Kimco Realty's stock, with notable increases in holdings observed from firms like Northern Trust Corp and Deutsche Bank AG.
• Kimco Realty recently announced a quarterly dividend of $0.25, yielding 4.7%, despite its dividend payout ratio being significantly high at 120.48%.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,374 shares of the real estate investment trust's stock after selling 33,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Kimco Realty were worth $4,575,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KIM. Northern Trust Corp raised its stake in Kimco Realty by 55.0% during the fourth quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after acquiring an additional 3,658,528 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Kimco Realty by 14.7% in the 1st quarter. Invesco Ltd. now owns 19,936,026 shares of the real estate investment trust's stock valued at $423,441,000 after purchasing an additional 2,552,276 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Kimco Realty by 94.7% during the 4th quarter. Deutsche Bank AG now owns 4,177,662 shares of the real estate investment trust's stock valued at $97,883,000 after purchasing an additional 2,031,722 shares during the last quarter. Resolution Capital Ltd grew its holdings in shares of 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 valued at $388,442,000 after purchasing an additional 1,992,550 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in Kimco Realty by 7,712.8% during the 4th quarter. Pinebridge Investments L.P. now owns 1,878,591 shares of the real estate investment trust's stock worth $44,015,000 after purchasing an additional 1,854,546 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KIM. Scotiabank dropped their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Raymond James Financial cut their price target 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. Piper Sandler reduced their price target on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Finally, Mizuho raised their price objective on shares of Kimco Realty from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Kimco Realty currently has a consensus rating of "Moderate Buy" and an average target price of $24.63.

Kimco Realty Trading Down 0.3%

KIM traded down $0.0750 during trading on Thursday, reaching $21.5550. 962,164 shares of the stock traded hands, compared to its average volume of 4,805,500. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.76. The stock's 50-day moving average is $21.31 and its 200 day moving average is $21.12. Kimco Realty Corporation has a 12 month low of $17.93 and a 12 month high of $25.83. The stock has a market capitalization of $14.60 billion, a PE ratio of 25.98, a P/E/G ratio of 1.58 and a beta of 1.31.

Kimco Realty (NYSE:KIM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm had revenue of $525.18 million during the quarter, compared to analyst estimates of $524.75 million. During the same period last year, the company posted $0.41 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. Equities analysts anticipate that Kimco Realty Corporation will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, September 5th. Kimco Realty's dividend payout ratio is presently 120.48%.

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.