Guggenheim Capital LLC Has $2.07 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Guggenheim Capital LLC trimmed its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 82.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,523 shares of the real estate investment trust's stock after selling 409,118 shares during the quarter. Guggenheim Capital LLC's holdings in Kimco Realty were worth $2,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Kimco Realty in the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the 3rd quarter valued at about $31,000. Brown Brothers Harriman & Co. boosted its stake in shares of Kimco Realty by 78.9% in the 4th 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 during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kimco Realty during the 4th quarter worth approximately $45,000. Finally, Catalyst Capital Advisors LLC raised its stake in shares of 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 worth $51,000 after buying an additional 1,104 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Mizuho lowered their target price on shares of Kimco Realty from $26.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group downgraded Kimco Realty from a "buy" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their target price on Kimco Realty from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company lowered their price target on 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. Finally, Scotiabank reduced their price objective on shares of Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Kimco Realty has a consensus rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Stock Down 0.4 %

Shares of Kimco Realty stock traded down $0.08 during trading on Friday, reaching $20.35. The stock had a trading volume of 1,311,451 shares, compared to its average volume of 4,379,787. 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 company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 52 week low of $17.93 and a 52 week high of $25.83. The stock has a fifty day moving average price of $20.80 and a two-hundred day moving average price of $22.67.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Sell-side analysts predict 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 was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty's payout ratio is 178.57%.

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.