Securian Asset Management Inc. Sells 1,053 Shares of Kimco Realty Corp (NYSE:KIM)

Securian Asset Management Inc. decreased its stake in shares of Kimco Realty Corp (NYSE:KIM) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,228 shares of the real estate investment trust’s stock after selling 1,053 shares during the quarter. Securian Asset Management Inc.’s holdings in Kimco Realty were worth $849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its position in shares of Kimco Realty by 2.0% during the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after acquiring an additional 882,047 shares during the last quarter. FMR LLC boosted its position in shares of Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after acquiring an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after acquiring an additional 53,378 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Kimco Realty by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,581,547 shares of the real estate investment trust’s stock worth $224,496,000 after acquiring an additional 101,293 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kimco Realty by 842.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock worth $145,420,000 after acquiring an additional 5,598,091 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Up 2.2 %

KIM stock opened at $20.57 on Friday. The company has a market capitalization of $13.97 billion, a PE ratio of 36.72, a P/E/G ratio of 2.78 and a beta of 1.53. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The firm’s 50-day moving average is $21.98 and its 200 day moving average is $23.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

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

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 178.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KIM shares. Jefferies Financial Group lowered 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. JPMorgan Chase & Co. lowered their price objective 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 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. Evercore ISI lowered 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, Wells Fargo & Company lowered their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.