AEGON ASSET MANAGEMENT UK Plc Cuts Stock Position in Kimco Realty Corp (NYSE:KIM)

AEGON ASSET MANAGEMENT UK Plc trimmed its position in shares of Kimco Realty Corp (NYSE:KIM) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 814,977 shares of the real estate investment trust’s stock after selling 31,135 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Kimco Realty were worth $19,095,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimco Realty by 842.3% during the third 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 increased its stake in Kimco Realty by 6.1% during 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 period. State Street Corp lifted its holdings in Kimco Realty by 2.0% during the 3rd quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock worth $1,048,797,000 after buying an additional 882,047 shares in the last quarter. Millennium Management LLC grew its stake in shares of Kimco Realty by 146.6% in the second quarter. Millennium Management LLC now owns 1,477,297 shares of the real estate investment trust’s stock worth $28,748,000 after acquiring an additional 878,217 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Kimco Realty during the third quarter worth $17,636,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Trading Up 1.1 %

NYSE:KIM opened at $22.93 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. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The stock’s 50 day moving average price is $23.79 and its 200 day moving average price is $23.21. The company has a market capitalization of $15.46 billion, a PE ratio of 41.69, a P/E/G ratio of 2.87 and a beta of 1.51.

Kimco Realty (NYSE:KIM) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.36%. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho lifted their target price on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. UBS Group upped their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird lifted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Scotiabank increased their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. cut shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Friday, December 20th. 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 company. According to data from MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and a consensus target price of $24.84.

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.