Kimco Realty Corp (NYSE:KIM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Kimco Realty Corp (NYSE:KIM) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 629,873 shares of the real estate investment trust’s stock after selling 76,090 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Kimco Realty worth $14,758,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Kimco Realty by 2.0% during the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after buying an additional 882,047 shares during the last quarter. FMR LLC increased its holdings in Kimco Realty by 6.1% during the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after acquiring an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC raised its position in 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. lifted its holdings in shares of Kimco Realty by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after purchasing an additional 405,685 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kimco Realty by 842.3% in 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 valued at $145,420,000 after purchasing an additional 5,598,091 shares in the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 2.6 %

Shares of KIM opened at $21.85 on Tuesday. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company’s fifty day moving average is $22.85 and its two-hundred day moving average is $23.39. The firm has a market cap of $14.73 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. Kimco Realty’s dividend payout ratio (DPR) is 181.82%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KIM. Robert W. Baird lifted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Scotiabank boosted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Mizuho increased their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Evercore ISI cut 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 note on Tuesday, December 24th. Finally, JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Friday, December 20th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.97.

About Kimco Realty

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.