Rhumbline Advisers Sells 17,214 Shares of Kimco Realty Corp (NYSE:KIM)

Rhumbline Advisers cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,264,662 shares of the real estate investment trust’s stock after selling 17,214 shares during the quarter. Rhumbline Advisers’ holdings in Kimco Realty were worth $29,631,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. CWM LLC raised its position in shares of Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 595 shares during the period. Creative Planning raised its holdings in Kimco Realty by 3.5% in the 3rd quarter. Creative Planning now owns 51,130 shares of the real estate investment trust’s stock valued at $1,187,000 after acquiring an additional 1,740 shares during the period. Blue Trust Inc. lifted its position in Kimco Realty by 199.1% during the third quarter. Blue Trust Inc. now owns 6,317 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 4,205 shares during the last quarter. Castleview Partners LLC bought a new stake in shares of Kimco Realty during the third quarter worth approximately $77,000. Finally, Signaturefd LLC grew its position in shares of Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 783 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the subject of several research reports. Robert W. Baird lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Mizuho boosted their target price on shares of Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. UBS Group raised their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company cut their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Ten 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.83.

Kimco Realty Stock Performance

NYSE:KIM opened at $21.57 on Wednesday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The stock’s 50-day simple moving average is $22.85 and its 200 day simple moving average is $23.39. The firm has a market capitalization of $14.54 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. On average, analysts anticipate that Kimco Realty Corp will post 1.64 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. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.64%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

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.