Kimco Realty Corp (NYSE:KIM) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lessened its stake in Kimco Realty Corp (NYSE:KIM - Free Report) by 86.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,469 shares of the real estate investment trust's stock after selling 180,000 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Kimco Realty were worth $644,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. FMR LLC increased its holdings in shares of Kimco Realty by 7.9% in the 4th 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 in the last quarter. Geode Capital Management LLC increased 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 purchasing an additional 377,074 shares in the last quarter. Invesco Ltd. increased 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 purchasing an additional 2,692,258 shares in the last quarter. Resolution Capital Ltd increased its holdings in shares of Kimco Realty by 13.7% in 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of Kimco Realty in the 4th quarter valued at about $363,436,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KIM. 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 report on Wednesday, April 23rd. Wall Street Zen cut shares of Kimco Realty from a "hold" rating to a "sell" rating in a research note on Saturday. Mizuho lowered their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Raymond James lowered their price objective on shares of 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. Finally, Wells Fargo & Company lowered their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $24.68.

Kimco Realty Trading Down 0.7%

Kimco Realty stock traded down $0.13 during trading on Friday, reaching $20.48. The company had a trading volume of 2,903,930 shares, compared to its average volume of 4,482,209. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83. The stock's 50 day moving average price is $20.60 and its two-hundred day moving average price is $22.24. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 2.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

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, beating 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 during the quarter, compared to the consensus estimate of $520.68 million. During the same period in the previous year, the firm earned $0.39 earnings per share. Kimco Realty's 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 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 dividend on an annualized basis and a yield of 4.88%. Kimco Realty's payout ratio is 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.