Kimco Realty Corp (NYSE:KIM) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC trimmed its holdings in Kimco Realty Corp (NYSE:KIM) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,387,108 shares of the real estate investment trust’s stock after selling 10,747 shares during the period. Douglas Lane & Associates LLC’s holdings in Kimco Realty were worth $32,500,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its stake in shares of Kimco Realty by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 482 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Kimco Realty by 1.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock worth $816,000 after acquiring an additional 522 shares during the period. Coldstream Capital Management Inc. increased its stake in Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 565 shares during the last quarter. CWM LLC raised its position in 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. Finally, Truist Financial Corp increased its position in shares of Kimco Realty by 2.0% during the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock worth $724,000 after purchasing an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Friday, December 20th. UBS Group upped their price target on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and cut their price objective for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. Scotiabank lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Finally, The Goldman Sachs Group increased their price target on shares of Kimco Realty from $20.00 to $22.50 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Eleven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.84.

Kimco Realty Stock Up 0.4 %

KIM stock traded up $0.08 during midday trading on Wednesday, reaching $22.05. 1,769,941 shares of the company were exchanged, compared to its average volume of 3,795,717. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 3.22 and a beta of 1.51. The stock’s 50-day simple moving average is $24.37 and its 200 day simple moving average is $22.99.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. During the same period last year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 5th. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.54%. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

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.