New York Life Investment Management LLC Cuts Stock Holdings in Kimco Realty Corp (NYSE:KIM)

New York Life Investment Management LLC lowered its position in Kimco Realty Corp (NYSE:KIM) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,663 shares of the real estate investment trust’s stock after selling 6,600 shares during the period. New York Life Investment Management LLC’s holdings in Kimco Realty were worth $3,788,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Kimco Realty by 842.3% in 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 worth $145,420,000 after purchasing an additional 5,598,091 shares in the last quarter. 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 worth $518,733,000 after buying an additional 1,283,352 shares during the last quarter. National Pension Service grew its holdings in shares of Kimco Realty by 4,342.8% in the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust’s stock valued at $25,264,000 after acquiring an additional 1,053,992 shares in the last quarter. State Street Corp increased its position in shares of Kimco Realty by 2.0% during 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 last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Kimco Realty during the third quarter worth $17,636,000. 89.25% of the stock is owned by institutional investors.

Kimco Realty Trading Up 2.2 %

NYSE:KIM opened at $22.09 on Friday. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The stock’s fifty day moving average price is $22.42 and its two-hundred day moving average price is $23.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The company has a market cap of $15.01 billion, a P/E ratio of 39.44, a P/E/G ratio of 2.78 and a beta of 1.50.

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

Kimco Realty Dividend Announcement

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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.53%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KIM shares. Robert W. Baird upped their price objective on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Mizuho reduced their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Scotiabank lowered their price objective on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday. UBS Group increased their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Evercore ISI lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Ten investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.43.

Kimco Realty 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.