Kimco Realty Corp (NYSE:KIM) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC lowered its holdings in Kimco Realty Corp (NYSE:KIM) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,597 shares of the real estate investment trust’s stock after selling 4,884 shares during the period. Metis Global Partners LLC’s holdings in Kimco Realty were worth $2,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors grew its position in Kimco Realty by 3.4% during the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Kimco Realty by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 565 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Kimco Realty by 4.4% during the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 611 shares in the last quarter. Ieq Capital LLC lifted its stake in shares of Kimco Realty by 5.4% in the 4th quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 853 shares during the last quarter. Finally, Values First Advisors Inc. boosted its holdings in Kimco Realty by 3.6% in the fourth quarter. Values First Advisors Inc. now owns 27,091 shares of the real estate investment trust’s stock worth $635,000 after purchasing an additional 942 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Performance

KIM stock opened at $22.09 on Monday. The company has a 50 day moving average price of $22.42 and a 200 day moving average price of $23.39. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The stock has a market capitalization of $15.01 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50.

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

Kimco Realty Dividend Announcement

The business 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. UBS Group upped their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Mizuho reduced their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Finally, Scotiabank decreased their price target on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday. Ten investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.43.

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.