Schaper Benz & Wise Investment Counsel Inc. WI Has $4.62 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Schaper Benz & Wise Investment Counsel Inc. WI reduced its position in Kimco Realty Corp (NYSE:KIM) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 197,078 shares of the real estate investment trust’s stock after selling 17,648 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Kimco Realty were worth $4,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KIM. Farther Finance Advisors LLC increased its stake in shares of Kimco Realty by 20.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,283 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 1,426 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Kimco Realty by 8.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 47,170 shares of the real estate investment trust’s stock valued at $1,095,000 after buying an additional 3,648 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Kimco Realty by 0.9% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 846,112 shares of the real estate investment trust’s stock valued at $19,647,000 after buying an additional 7,524 shares during the period. Catalytic Wealth RIA LLC acquired a new stake in shares of Kimco Realty in the 3rd quarter valued at $294,000. Finally, Apollon Wealth Management LLC increased its stake in shares of Kimco Realty by 18.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 14,887 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 2,325 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KIM has been the subject of a number of analyst reports. Evercore ISI decreased their price objective 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. Scotiabank decreased their price objective on 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. Robert W. Baird lifted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $25.00 in a research note on Thursday, January 2nd. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $21.40 on Friday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The stock’s 50-day moving average is $22.23 and its 200-day moving average is $23.36. Kimco Realty Corp has a one year low of $17.57 and a one year high of $25.83. 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 issued its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS 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%. Equities analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.67%. Kimco Realty’s payout ratio is presently 178.57%.

About Kimco Realty

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.