Visionary Horizons LLC Sells 1,076 Shares of Kimco Realty Corp (NYSE:KIM)

Visionary Horizons LLC lowered its position in Kimco Realty Corp (NYSE:KIM) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,958 shares of the real estate investment trust’s stock after selling 1,076 shares during the quarter. Visionary Horizons LLC’s holdings in Kimco Realty were worth $749,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock valued at $1,048,797,000 after acquiring an additional 882,047 shares during the period. FMR LLC boosted its stake in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after purchasing an additional 1,283,352 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kimco Realty by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after purchasing an additional 53,378 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kimco Realty by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock worth $220,131,000 after purchasing an additional 405,685 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kimco Realty by 842.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock valued at $145,420,000 after purchasing an additional 5,598,091 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.2 %

Shares of Kimco Realty stock opened at $22.37 on Friday. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The business has a fifty day simple moving average of $23.22 and a 200 day simple moving average of $23.34. 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 has a market cap of $15.08 billion, a PE ratio of 40.68, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Research analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given 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 is currently 181.82%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KIM. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. UBS Group lifted their price objective on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird increased their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.97.

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.