Sei Investments Co. Sells 71,678 Shares of Kimco Realty Corp (NYSE:KIM)

Sei Investments Co. lessened its position in Kimco Realty Corp (NYSE:KIM) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,365,538 shares of the real estate investment trust’s stock after selling 71,678 shares during the period. Sei Investments Co. owned about 0.50% of Kimco Realty worth $78,854,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KIM. Wilmington Savings Fund Society FSB bought a new position in Kimco Realty during the third quarter worth about $31,000. Brooklyn Investment Group acquired a new position in shares of Kimco Realty during the 3rd quarter worth approximately $37,000. Catalyst Capital Advisors LLC raised its stake in Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,104 shares during the period. Quarry LP acquired a new stake in Kimco Realty during the 3rd quarter valued at $51,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Kimco Realty during the fourth quarter worth $77,000. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Kimco Realty Trading Down 0.6 %

KIM opened at $20.78 on Friday. 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 Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 2.78 and a beta of 1.53. The company has a 50-day simple moving average of $21.86 and a 200 day simple moving average of $23.19.

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

Kimco Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analyst Weigh In

KIM has been the subject of a number of research reports. Scotiabank cut their target price on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of 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. JPMorgan Chase & Co. decreased their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Mizuho dropped their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Finally, Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Ten 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

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.