Allspring Global Investments Holdings LLC Lowers Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,545 shares of the real estate investment trust’s stock after selling 1,424 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Kimco Realty were worth $679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KIM. Catalyst Capital Advisors LLC bought a new stake in shares of Kimco Realty during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty during the 3rd quarter valued at about $31,000. Brooklyn Investment Group bought a new position in shares of Kimco Realty in the third quarter worth approximately $37,000. Quarry LP purchased a new position in shares of Kimco Realty in the third quarter valued at about $51,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Kimco Realty during the 4th quarter valued at about $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on KIM. JPMorgan Chase & Co. decreased their target price on 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 upped their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Evercore ISI decreased their price target on 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. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, UBS Group upped their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.83.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $21.52 on Monday. The firm has a market capitalization 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 debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The stock’s 50-day simple moving average is $22.61 and its 200-day simple moving average is $23.39.

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

Kimco Realty Announces Dividend

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