AQR Capital Management LLC cut its position in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 356,550 shares of the real estate investment trust's stock after selling 88,989 shares during the quarter. AQR Capital Management LLC owned 0.05% of Kimco Realty worth $8,354,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Kimco Realty during the 4th quarter worth about $363,436,000. Northern Trust Corp grew its stake in Kimco Realty by 55.0% during the 4th quarter. Northern Trust Corp now owns 10,304,972 shares of the real estate investment trust's stock valued at $241,446,000 after acquiring an additional 3,658,528 shares in the last quarter. Federated Hermes Inc. lifted its position in Kimco Realty by 90.5% in the 4th quarter. Federated Hermes Inc. now owns 7,278,480 shares of the real estate investment trust's stock worth $170,535,000 after buying an additional 3,457,435 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kimco Realty by 18.3% during 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 acquiring an additional 2,692,258 shares in the last quarter. Finally, Amundi boosted its position in Kimco Realty by 70.7% during the fourth quarter. Amundi now owns 5,999,390 shares of the real estate investment trust's stock valued at $132,227,000 after purchasing an additional 2,484,536 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.
Kimco Realty Stock Performance
Shares of NYSE:KIM traded up $0.14 on Friday, reaching $20.82. 3,218,402 shares of the company's stock were exchanged, compared to its average volume of 4,443,740. The company has a fifty day moving average of $20.56 and a 200-day moving average of $22.42. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 2.78 and a beta of 1.26. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. Kimco Realty Corp has a twelve month low of $17.93 and a twelve month high of $25.83.
Kimco Realty (NYSE:KIM - Get Free Report) last issued its earnings results 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 firm had revenue of $536.62 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, research analysts predict that Kimco Realty Corp will post 1.71 EPS 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. Shareholders of record on Friday, June 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, June 6th. Kimco Realty's dividend payout ratio is presently 129.87%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on KIM shares. Raymond James dropped their price target on shares of Kimco Realty from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research report on Monday, May 5th. Scotiabank decreased their price target on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler reduced their target price on Kimco Realty from $29.00 to $28.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Citigroup lowered their target price on Kimco Realty from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Kimco Realty presently has an average rating of "Moderate Buy" and an average target price of $24.68.
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About Kimco Realty
(
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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