Kimco Realty Corp (NYSE:KIM) Holdings Trimmed by tru Independence LLC

tru Independence LLC decreased its holdings in Kimco Realty Corp (NYSE:KIM) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 250,777 shares of the real estate investment trust’s stock after selling 18,000 shares during the quarter. Kimco Realty accounts for about 1.8% of tru Independence LLC’s investment portfolio, making the stock its 17th largest position. tru Independence LLC’s holdings in Kimco Realty were worth $5,876,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KIM. Catalyst Capital Advisors LLC acquired a new position in Kimco Realty in the third quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Kimco Realty during the 3rd quarter worth about $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty during the third quarter valued at about $37,000. Quarry LP acquired a new stake in Kimco Realty during the third quarter worth about $51,000. Finally, Castleview Partners LLC bought a new position in Kimco Realty during the third quarter valued at about $77,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Scotiabank raised their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Mizuho upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Robert W. Baird raised their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Evercore ISI lowered their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Finally, Jefferies Financial Group downgraded shares of 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 report on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and an average price target of $24.84.

Kimco Realty Price Performance

Shares of KIM opened at $23.14 on Monday. The stock has a 50 day simple moving average of $23.79 and a 200 day simple moving average of $23.26. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market capitalization of $15.60 billion, a PE ratio of 41.84, a P/E/G ratio of 2.87 and a beta of 1.51.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). The business had revenue of $507.63 million during the quarter, compared to the consensus estimate of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS. Sell-side analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.25 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.32%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

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.