Kimco Realty Corp (NYSE:KIM) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its holdings in Kimco Realty Corp (NYSE:KIMFree Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,999 shares of the real estate investment trust’s stock after selling 667 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Kimco Realty were worth $1,406,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KIM. Lord Abbett & CO. LLC purchased a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $17,636,000. Nordea Investment Management AB lifted its position in Kimco Realty by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 56,244 shares of the real estate investment trust’s stock valued at $1,319,000 after acquiring an additional 3,614 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Kimco Realty in the third quarter valued at $2,387,000. Victory Capital Management Inc. grew its holdings in shares of Kimco Realty by 48.8% during the third quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock worth $19,422,000 after purchasing an additional 274,295 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kimco Realty by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock worth $220,131,000 after purchasing an additional 405,685 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KIM shares. Mizuho upped their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. 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 report on Tuesday, December 24th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Robert W. Baird upped their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Scotiabank raised their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Eleven research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.84.

View Our Latest Stock Analysis on Kimco Realty

Kimco Realty Price Performance

Shares of NYSE:KIM opened at $22.35 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $24.02 and a 200 day moving average price of $23.10. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The company has a market cap of $15.06 billion, a P/E ratio of 40.63, a PEG ratio of 2.73 and a beta of 1.51.

Kimco Realty (NYSE:KIMGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.22). Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. During the same period in the prior year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Research analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.48%. Kimco Realty’s dividend payout ratio is 181.82%.

About Kimco Realty

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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