Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Position in Kimco Realty Corp (NYSE:KIM)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of Kimco Realty Corp (NYSE:KIM) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 248,774 shares of the real estate investment trust’s stock after selling 68,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kimco Realty were worth $5,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake 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 acquiring an additional 482 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings 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 purchasing an additional 565 shares during the last quarter. Savant Capital LLC boosted its position in Kimco Realty by 4.4% during the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after purchasing an additional 611 shares in the last quarter. Signaturefd LLC grew its holdings in Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 783 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of Kimco Realty by 5.4% in the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $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.

Kimco Realty Stock Up 1.2 %

Shares of KIM opened at $21.79 on Tuesday. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The company’s fifty day moving average is $22.56 and its two-hundred day moving average is $23.39. The firm has a market cap of $14.69 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

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

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s payout ratio is currently 178.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KIM shares. Robert W. Baird increased their price objective on shares of 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 lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Evercore ISI cut their price objective on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Wells Fargo & Company reduced their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, Mizuho boosted their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.83.

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.