Vident Advisory LLC Decreases Stock Position in Kimco Realty Corp (NYSE:KIM)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Kimco Realty in the fourth quarter worth about $363,436,000. Northern Trust Corp grew its holdings in Kimco Realty by 55.0% in the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock worth $241,446,000 after buying an additional 3,658,528 shares in the last quarter. Federated Hermes Inc. boosted its stake in Kimco Realty by 90.5% during the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock valued at $170,535,000 after purchasing an additional 3,457,435 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Kimco Realty by 18.3% during the 4th quarter. Invesco Ltd. now owns 17,383,750 shares of the real estate investment trust's stock worth $407,301,000 after acquiring an additional 2,692,258 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Kimco Realty by 70.7% in the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after purchasing an additional 2,484,536 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KIM. Scotiabank cut their target price on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. 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 report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their target price on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Wall Street Zen lowered shares of Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Raymond James reduced their target price on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $24.68.

Kimco Realty Stock Down 0.6%

Kimco Realty stock traded down $0.14 during midday trading on Wednesday, hitting $20.88. 468,812 shares of the stock were exchanged, compared to its average volume of 4,470,829. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.26. The business's 50-day moving average price is $20.59 and its 200-day moving average price is $22.17. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM - Get Free Report) last posted 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. The firm had revenue of $536.62 million for the quarter, compared to the consensus estimate of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The business's quarterly revenue was up 965.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.00 annualized dividend and a yield of 4.79%. Kimco Realty's dividend payout ratio (DPR) is presently 129.87%.

Kimco Realty Company 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.