Kimco Realty Corp (NYSE:KIM) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,396,122 shares of the real estate investment trust’s stock after selling 390,504 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.50% of Kimco Realty worth $79,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in shares of Kimco Realty by 2.0% in the second quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock worth $724,000 after buying an additional 746 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Kimco Realty in the 2nd quarter worth approximately $274,000. Park Avenue Securities LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $228,000. Atomi Financial Group Inc. purchased a new position in shares of Kimco Realty during the 3rd quarter valued at approximately $328,000. Finally, CWM LLC lifted its stake in shares of Kimco Realty by 4.7% in the 3rd 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. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

NYSE:KIM opened at $22.37 on Monday. The company has a market cap of $15.08 billion, a P/E ratio of 40.68, a P/E/G ratio of 2.92 and a beta of 1.50. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company’s 50-day moving average price is $23.22 and its 200-day moving average price is $23.35. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting 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, sell-side analysts forecast that Kimco Realty Corp will post 1.64 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analyst Weigh In

KIM has been the topic of several analyst reports. Evercore ISI dropped their price target on shares of 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. Robert W. Baird lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group increased their target price on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.97.

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.