Wellington Management Group LLP Lowers Stock Position in Kimco Realty Corp (NYSE:KIM)

Wellington Management Group LLP decreased its holdings in Kimco Realty Corp (NYSE:KIM) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,221,879 shares of the real estate investment trust’s stock after selling 138,726 shares during the quarter. Wellington Management Group LLP owned about 0.18% of Kimco Realty worth $28,629,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC raised its stake in Kimco Realty by 14.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 75,282 shares of the real estate investment trust’s stock valued at $1,764,000 after acquiring an additional 9,689 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Kimco Realty during the fourth quarter worth approximately $26,000. Schroder Investment Management Group lifted its holdings in shares of Kimco Realty by 348.9% during the fourth quarter. Schroder Investment Management Group now owns 3,114,647 shares of the real estate investment trust’s stock worth $72,353,000 after purchasing an additional 2,420,884 shares during the period. Brown Brothers Harriman & Co. grew its position in Kimco Realty by 78.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 575 shares during the last quarter. Finally, DnB Asset Management AS increased its stake in Kimco Realty by 4.7% in the 4th quarter. DnB Asset Management AS now owns 116,407 shares of the real estate investment trust’s stock valued at $2,727,000 after buying an additional 5,276 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

Kimco Realty stock opened at $19.10 on Tuesday. The firm has a market capitalization of $12.98 billion, a PE ratio of 34.11, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The firm’s 50-day simple moving average is $21.48 and its 200 day simple moving average is $22.98. 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 released its quarterly 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%. On average, equities research analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. Scotiabank lowered their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Evercore ISI cut their target price on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research note on Tuesday, December 24th. Citigroup decreased their price target on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Mizuho cut their price objective on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $24.75.

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.