Vident Advisory LLC Has $1.41 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Vident Advisory LLC trimmed its holdings in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,141 shares of the real estate investment trust's stock after selling 38,818 shares during the period. Vident Advisory LLC's holdings in Kimco Realty were worth $1,409,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Scotiabank cut 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 note on Wednesday, April 23rd. Mizuho dropped their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. lowered their price target on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price objective on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, nine have issued 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 stock currently has a consensus rating of "Hold" and a consensus price target of $24.68.

Kimco Realty Stock Performance

KIM stock traded up $0.54 during trading hours on Tuesday, hitting $21.02. 1,256,771 shares of the stock were exchanged, compared to its average volume of 5,135,988. Kimco Realty Corp has a 12 month low of $17.93 and a 12 month high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $14.22 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.78 and a beta of 1.26. The company has a 50-day simple moving average of $20.59 and a two-hundred day simple moving average of $22.17.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 EPS 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 business had revenue of $536.62 million for the quarter, compared to analyst estimates of $520.68 million. During the same period last year, the firm earned $0.39 earnings per share. Kimco Realty's revenue for the quarter was up 965.3% compared to the same quarter last year. On average, analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio is currently 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.