Cornercap Investment Counsel Inc. Sells 582 Shares of Kimco Realty Corp (NYSE:KIM)

Cornercap Investment Counsel Inc. lessened its position in shares of Kimco Realty Corp (NYSE:KIM) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 15,528 shares of the real estate investment trust’s stock after selling 582 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Kimco Realty were worth $364,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors increased its position in shares of 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 worth $340,000 after purchasing an additional 482 shares in the last quarter. Keybank National Association OH increased its position in shares of Kimco Realty by 4.0% in the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 496 shares during the period. Avantax Advisory Services Inc. raised its stake in Kimco Realty by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 539 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in 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 valued at $544,000 after purchasing an additional 565 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of 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 purchasing an additional 575 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $20.94 on Friday. 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 firm has a fifty day moving average of $21.76 and a 200 day moving average of $23.12. The firm has a market cap of $14.23 billion, a PE ratio of 37.38, a PEG ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83.

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

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.25 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.78%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analyst Weigh In

KIM has been the topic of a number of recent research reports. Citigroup dropped their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. dropped their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Evercore ISI decreased their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their price objective on Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.43.

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.