Farther Finance Advisors LLC Has $156,000 Position in Kimco Realty Corp (NYSE:KIM)

Farther Finance Advisors LLC cut its position in Kimco Realty Corp (NYSE:KIM) by 19.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,662 shares of the real estate investment trust’s stock after selling 1,621 shares during the quarter. Farther Finance Advisors LLC’s holdings in Kimco Realty were worth $156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors increased its position in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 482 shares in the last quarter. Keybank National Association OH increased its position in Kimco Realty by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 496 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Kimco Realty by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 565 shares in the last quarter. Savant Capital LLC increased its position in Kimco Realty by 4.4% during the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 611 shares in the last quarter. Finally, Ieq Capital LLC increased its position in Kimco Realty by 5.4% during the 4th quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 853 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 0.3 %

NYSE:KIM opened at $20.91 on Friday. 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 stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.78 and a beta of 1.53. The firm has a fifty day simple moving average of $21.88 and a two-hundred day simple moving average of $23.21. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

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 analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Friday, March 7th. Kimco Realty’s payout ratio is 178.57%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KIM. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Mizuho decreased their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Citigroup decreased their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday. Scotiabank decreased their price target 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. Finally, Evercore ISI decreased their price target 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. Ten equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

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.