UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 90.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 601,431 shares of the real estate investment trust's stock after selling 5,661,256 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Kimco Realty worth $14,092,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Squarepoint Ops LLC boosted its position in shares of Kimco Realty by 40.9% during the 4th quarter. Squarepoint Ops LLC now owns 383,862 shares of the real estate investment trust's stock valued at $8,994,000 after acquiring an additional 111,496 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Kimco Realty by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust's stock valued at $28,868,000 after purchasing an additional 12,705 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Kimco Realty in the 4th quarter worth $9,057,000. B&I Capital AG increased its holdings in shares of Kimco Realty by 13.9% in the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust's stock worth $11,945,000 after buying an additional 62,100 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Kimco Realty in the 4th quarter worth about $610,000. Hedge funds and other institutional investors own 89.25% of the company's stock.
Kimco Realty Stock Performance
Kimco Realty stock traded down $0.09 during trading hours on Tuesday, hitting $21.08. 505,176 shares of the stock traded hands, compared to its average volume of 4,464,792. The firm's 50 day moving average price is $20.60 and its 200-day moving average price 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. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 2.78 and a beta of 1.26. Kimco Realty Corp has a 1 year low of $17.93 and a 1 year high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. The firm had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business's quarterly revenue was up 965.3% compared to the same quarter last year. As a group, equities analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.
Kimco Realty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio is currently 129.87%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on KIM. Citigroup dropped their price target on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Wall Street Zen downgraded Kimco Realty from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Wells Fargo & Company lowered their price target on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Scotiabank lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a 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 on the stock in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $24.68.
Read Our Latest Analysis on Kimco Realty
Kimco Realty Profile
(
Free Report)
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.
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