New York State Common Retirement Fund Sells 3,700 Shares of Kimco Realty Corp (NYSE:KIM)

New York State Common Retirement Fund lowered its position in Kimco Realty Corp (NYSE:KIM) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 360,840 shares of the real estate investment trust’s stock after selling 3,700 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Kimco Realty worth $8,454,000 as of its most recent SEC filing.

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

Kimco Realty Trading Up 0.3 %

Shares of KIM opened at $21.86 on Wednesday. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The stock has a market cap of $14.73 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The firm’s fifty day moving average is $22.56 and its two-hundred day moving average is $23.39. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data 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 net margin of 20.17% and a return on equity of 3.82%. Research analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 payout ratio is 178.57%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KIM shares. Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. UBS Group increased their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Scotiabank lifted their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.57.

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.