Kimco Realty Corp (NYSE:KIM) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC decreased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,567 shares of the real estate investment trust's stock after selling 53,811 shares during the period. Worldquant Millennium Advisors LLC's holdings in Kimco Realty were worth $2,052,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KIM. Summit Securities Group LLC bought a new stake in shares of Kimco Realty in the fourth quarter worth $26,000. Brown Brothers Harriman & Co. lifted its position in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 575 shares in the last quarter. Headlands Technologies LLC purchased a new position in Kimco Realty during the fourth quarter valued at $45,000. Catalyst Capital Advisors LLC lifted its position in Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,104 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Kimco Realty during the fourth quarter valued at $76,000. Institutional investors own 89.25% of the company's stock.

Analyst Upgrades and Downgrades

KIM has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Scotiabank dropped their price target on 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 price target on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. Finally, Wall Street Zen downgraded shares of Kimco Realty from a "hold" rating to a "sell" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Kimco Realty presently has a consensus rating of "Hold" and an average target price of $24.68.

Kimco Realty Trading Down 0.4%

KIM stock traded down $0.09 during midday trading on Wednesday, reaching $20.93. 590,028 shares of the company traded hands, compared to its average volume of 4,471,153. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. The business has a 50 day moving average of $20.59 and a 200-day moving average of $22.17. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 37.37, a P/E/G ratio of 2.78 and a beta of 1.26.

Kimco Realty (NYSE:KIM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $536.62 million for the quarter, compared to analysts' expectations of $520.68 million. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Kimco Realty's revenue was up 965.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, sell-side analysts expect that Kimco Realty Corp will post 1.71 earnings per share 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. The ex-dividend date is Friday, June 6th. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. Kimco Realty's dividend payout ratio (DPR) is 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.