Boston Partners Cuts Stock Position in Kimco Realty Corp (NYSE:KIM)

Boston Partners decreased its position in Kimco Realty Corp (NYSE:KIM) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 554,864 shares of the real estate investment trust’s stock after selling 13,297 shares during the quarter. Boston Partners’ holdings in Kimco Realty were worth $12,997,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KIM. Generali Asset Management SPA SGR bought a new stake in shares of Kimco Realty in the 4th quarter worth approximately $610,000. Thrivent Financial for Lutherans raised its position in Kimco Realty by 20.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 311,060 shares of the real estate investment trust’s stock worth $7,288,000 after purchasing an additional 52,467 shares during the period. Cibc World Markets Corp lifted its stake in Kimco Realty by 12.2% in the fourth quarter. Cibc World Markets Corp now owns 302,477 shares of the real estate investment trust’s stock worth $7,087,000 after purchasing an additional 32,855 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 539 shares during the period. Finally, AGF Management Ltd. grew its stake in shares of Kimco Realty by 1.5% during the fourth quarter. AGF Management Ltd. now owns 121,921 shares of the real estate investment trust’s stock valued at $2,857,000 after buying an additional 1,806 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.3 %

NYSE KIM opened at $20.91 on Friday. The firm has a market capitalization of $14.21 billion, a PE ratio of 37.34, a P/E/G ratio of 2.78 and a beta of 1.53. The stock’s 50 day moving average is $21.88 and its 200 day moving average is $23.21. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is 178.57%.

Analyst Upgrades and Downgrades

KIM has been the subject of a number of recent research reports. Mizuho lowered their target price 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. Wells Fargo & Company dropped their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank dropped their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Evercore ISI decreased their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Ten equities research 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. According to MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Kimco Realty Company 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.