State of Alaska Department of Revenue Cuts Stock Position in Kimco Realty Corp (NYSE:KIM)

State of Alaska Department of Revenue lowered its holdings in Kimco Realty Corp (NYSE:KIM) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,085 shares of the real estate investment trust’s stock after selling 3,716 shares during the period. State of Alaska Department of Revenue’s holdings in Kimco Realty were worth $2,822,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Arkadios Wealth Advisors boosted its holdings in Kimco Realty by 51.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,252 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 765 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in Kimco Realty by 4.1% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 40,450 shares of the real estate investment trust’s stock valued at $455,000 after acquiring an additional 1,603 shares during the period. Cigna Investments Inc. New boosted its holdings in Kimco Realty by 14.2% during the 2nd quarter. Cigna Investments Inc. New now owns 13,294 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 1,650 shares during the period. Redpoint Investment Management Pty Ltd boosted its holdings in Kimco Realty by 9.5% during the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 29,111 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 2,523 shares during the period. Finally, Truist Financial Corp boosted its holdings in Kimco Realty by 12.4% during the 3rd quarter. Truist Financial Corp now owns 26,801 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 2,964 shares during the period. 82.72% of the stock is currently owned by institutional investors and hedge funds.

KIM stock opened at $15.92 on Thursday. Kimco Realty Corp has a twelve month low of $7.45 and a twelve month high of $20.56. The firm has a market cap of $6.89 billion, a PE ratio of 7.88 and a beta of 1.45. The business has a 50 day moving average of $14.93 and a 200 day moving average of $12.70.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.36). Kimco Realty had a net margin of 83.81% and a return on equity of 17.35%. The company had revenue of $256.61 million for the quarter, compared to the consensus estimate of $246.87 million. During the same period last year, the business earned $0.37 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. On average, equities research analysts predict that Kimco Realty Corp will post 1.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 23rd. Investors of record on Wednesday, December 9th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Tuesday, December 8th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.10. Kimco Realty’s dividend payout ratio (DPR) is 43.54%.

Several brokerages recently weighed in on KIM. Capital One Financial restated an “equal weight” rating on shares of Kimco Realty in a report on Wednesday, October 28th. ValuEngine upgraded Kimco Realty from a “sell” rating to a “hold” rating in a report on Monday, November 16th. Morgan Stanley increased their price objective on Kimco Realty from $14.50 to $15.90 and gave the stock an “overweight” rating in a report on Thursday, December 3rd. TheStreet upgraded Kimco Realty from a “c” rating to a “b-” rating in a report on Friday, November 13th. Finally, Mizuho upgraded Kimco Realty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $17.00 in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.96.

Kimco Realty 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.

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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