Kentucky Retirement Systems Lowers Holdings in Kimco Realty Corp (NYSE:KIM)

Kentucky Retirement Systems lowered its stake in shares of Kimco Realty Corp (NYSE:KIM) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,324 shares of the real estate investment trust’s stock after selling 638 shares during the quarter. Kentucky Retirement Systems’ holdings in Kimco Realty were worth $1,085,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new position in Kimco Realty during the third quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kimco Realty during the 3rd quarter valued at $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty during the 3rd quarter worth $37,000. Quarry LP purchased a new position in shares of Kimco Realty in the 3rd quarter worth $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Kimco Realty in the fourth quarter valued at $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KIM shares. UBS Group upped their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Mizuho lifted their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI dropped their price objective 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. Finally, Scotiabank raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.83.

Kimco Realty Stock Down 0.5 %

Shares of NYSE:KIM opened at $21.52 on Monday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The firm has a market cap of $14.50 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The company has a fifty day simple moving average of $22.61 and a 200 day simple moving average of $23.39.

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 return on equity of 3.82% and a net margin of 20.17%. On average, equities research analysts anticipate that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.65%. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

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.