Kimco Realty Corp (NYSE:KIM) Holdings Cut by Voya Investment Management LLC

Voya Investment Management LLC lowered its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 335,576 shares of the real estate investment trust's stock after selling 32,753 shares during the period. Voya Investment Management LLC's holdings in Kimco Realty were worth $7,863,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty during the 3rd quarter valued at approximately $31,000. Brown Brothers Harriman & Co. boosted its holdings in Kimco Realty by 78.9% in 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 acquiring an additional 575 shares in the last quarter. Headlands Technologies LLC bought a new position in Kimco Realty in the fourth quarter worth about $45,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,104 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KIM shares. JPMorgan Chase & Co. reduced their price target on shares of Kimco Realty from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Scotiabank lowered their price objective on Kimco Realty from $24.00 to $23.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 23rd. Citigroup lowered their price target 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. Mizuho cut 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, Wells Fargo & Company cut their target price on Kimco Realty from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.68.

Kimco Realty Trading Up 0.8 %

NYSE KIM traded up $0.16 during mid-day trading on Friday, reaching $21.11. 4,477,441 shares of the stock were exchanged, compared to its average volume of 4,443,873. The business's fifty day simple moving average is $20.67 and its 200 day simple moving average is $22.55. 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 stock has a market capitalization of $14.34 billion, a PE ratio of 37.70, a PEG ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 1-year low of $17.93 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 20.17% and a return on equity of 3.82%. Kimco Realty's revenue was up 965.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.74%. The ex-dividend date is Friday, June 6th. Kimco Realty's dividend payout ratio (DPR) 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.