Westwood Holdings Group Inc. trimmed its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 86.8% during the fourth quarter, according to its most recent Form 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 period. Westwood Holdings Group Inc.'s holdings in Kimco Realty were worth $644,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. lifted its position in shares of 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 worth $28,868,000 after purchasing an additional 12,705 shares in the last quarter. B&I Capital AG boosted its stake 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 valued at $11,945,000 after buying an additional 62,100 shares during the period. Generali Asset Management SPA SGR acquired a new position in shares of Kimco Realty during the fourth quarter worth about $610,000. Proficio Capital Partners LLC acquired a new stake in Kimco Realty in the fourth quarter valued at approximately $1,045,000. Finally, Tudor Investment Corp ET AL purchased a new position in Kimco Realty in the fourth quarter worth approximately $546,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Kimco Realty from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Scotiabank lowered their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Citigroup cut their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Finally, Raymond James reduced their price objective on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $24.68.
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Kimco Realty Stock Performance
Shares of KIM stock traded down $0.13 during midday trading on Monday, hitting $20.48. The company had a trading volume of 2,903,930 shares, compared to its average volume of 4,491,126. The company's 50 day simple moving average is $20.60 and its 200 day simple moving average is $22.20. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The stock has a market cap 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 current ratio of 3.65 and a quick ratio of 3.59.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. The firm had revenue of $536.62 million during the quarter, compared to the consensus estimate of $520.68 million. During the same period last year, the company earned $0.39 earnings per share. The company's revenue for the quarter was up 965.3% on a year-over-year basis. Research analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.
Kimco Realty Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.88%. Kimco Realty's dividend payout ratio (DPR) is 129.87%.
Kimco Realty Profile
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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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