Mitsubishi UFJ Trust & Banking Corp Sells 1,021 Shares of Kimco Realty Corp (NYSE:KIM)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Kimco Realty Corp (NYSE:KIM) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 302,312 shares of the real estate investment trust’s stock after selling 1,021 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kimco Realty were worth $7,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in Kimco Realty by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 1,235,249 shares of the real estate investment trust’s stock valued at $28,868,000 after acquiring an additional 12,705 shares during the period. Lord Abbett & CO. LLC bought a new stake in Kimco Realty during the 3rd quarter valued at approximately $17,636,000. B&I Capital AG grew its holdings in Kimco Realty by 13.9% in the 4th quarter. B&I Capital AG now owns 509,830 shares of the real estate investment trust’s stock valued at $11,945,000 after buying an additional 62,100 shares during the last quarter. Nordea Investment Management AB increased its position in Kimco Realty by 6.9% in the 4th quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock worth $1,319,000 after buying an additional 3,614 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Kimco Realty during the fourth quarter worth approximately $1,045,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Stock Down 0.4 %

Shares of Kimco Realty stock opened at $20.94 on Monday. The business has a fifty day simple moving average of $21.76 and a 200 day simple moving average of $23.12. The stock has a market cap of $14.23 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. 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 Corp has a 12 month low of $17.57 and a 12 month high of $25.83.

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

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. Kimco Realty’s dividend payout ratio is 178.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Evercore ISI lowered their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Scotiabank dropped their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Ten 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 company’s stock. According to MarketBeat.com, Kimco Realty has a consensus rating of “Moderate Buy” and an average target price of $24.43.

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.