Kimco Realty Corp (NYSE:KIM) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its stake in shares of Kimco Realty Corp (NYSE:KIM) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,859 shares of the real estate investment trust’s stock after selling 667 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Kimco Realty were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors raised its position in shares of Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 482 shares during the period. Coldstream Capital Management Inc. grew its holdings in Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 565 shares in the last quarter. Savant Capital LLC grew its holdings in Kimco Realty by 4.4% in the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 611 shares in the last quarter. Signaturefd LLC grew its holdings in Kimco Realty by 10.2% in the 3rd quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 783 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in Kimco Realty by 5.4% in the 4th quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 853 shares in the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KIM has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. UBS Group increased their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, Scotiabank increased their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Ten 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.83.

Kimco Realty Price Performance

NYSE:KIM opened at $21.52 on Monday. The stock has a market cap of $14.50 billion, a P/E ratio of 38.42, a PEG ratio of 2.78 and a beta of 1.50. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. The company has a fifty day moving average price of $22.61 and a 200 day moving average price of $23.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59.

Kimco Realty (NYSE:KIM) last released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 4.65%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio is 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.