Kimco Realty Corp (NYSE:KIM) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 444,395 shares of the real estate investment trust's stock after selling 85,855 shares during the quarter. First Trust Advisors LP owned 0.07% of Kimco Realty worth $10,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GeoWealth Management LLC increased its stake in Kimco Realty by 21.3% in the fourth quarter. GeoWealth Management LLC now owns 35,552 shares of the real estate investment trust's stock worth $833,000 after purchasing an additional 6,250 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Kimco Realty by 4.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,098,338 shares of the real estate investment trust's stock valued at $25,727,000 after buying an additional 45,328 shares in the last quarter. Marshall Wace LLP boosted its position in Kimco Realty by 3,276.4% in the 4th quarter. Marshall Wace LLP now owns 670,292 shares of the real estate investment trust's stock valued at $15,705,000 after buying an additional 650,440 shares during the period. Gamco Investors INC. ET AL grew its stake in Kimco Realty by 45.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 81,887 shares of the real estate investment trust's stock worth $1,919,000 after acquiring an additional 25,687 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Kimco Realty during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 89.25% of the company's stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of several recent research reports. Citigroup dropped their target price on shares of Kimco Realty from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Wells Fargo & Company reduced 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 note on Wednesday, March 26th. Mizuho dropped their target price on Kimco Realty from $26.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group cut Kimco Realty from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. cut their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.68.

Kimco Realty Stock Performance

Shares of NYSE KIM traded up $0.16 during trading on Friday, reaching $21.11. 4,477,441 shares of the company traded hands, compared to its average volume of 4,449,146. 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 stock has a market cap of $14.34 billion, a P/E ratio of 37.70, a PEG ratio of 2.78 and a beta of 1.25. The firm's fifty day simple moving average is $20.68 and its 200 day simple moving average is $22.57.

Kimco Realty (NYSE:KIM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $536.62 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. As a group, research analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's payout ratio is currently 178.57%.

About Kimco Realty

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.