Alliancebernstein L.P. Has $25.36 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Alliancebernstein L.P. cut its holdings in Kimco Realty Corp (NYSE:KIM) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,082,263 shares of the real estate investment trust’s stock after selling 23,390 shares during the quarter. Alliancebernstein L.P. owned approximately 0.16% of Kimco Realty worth $25,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty in the 3rd quarter valued at approximately $31,000. Brown Brothers Harriman & Co. lifted its stake in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 575 shares during the last quarter. Quarry LP acquired a new stake in Kimco Realty in the third quarter valued at approximately $51,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,104 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM opened at $19.33 on Monday. The firm’s fifty day simple moving average is $21.57 and its two-hundred day simple moving average is $23.01. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. 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 $13.14 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM) last announced its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 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, analysts predict that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.17%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio is presently 178.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Mizuho reduced 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, February 25th. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Finally, Evercore ISI reduced their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $24.75.

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.