Duff & Phelps Investment Management Co. Lowers Position in Kimco Realty Corp (NYSE:KIM)

Duff & Phelps Investment Management Co. reduced its position in shares of Kimco Realty Corp (NYSE:KIM) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,322,192 shares of the real estate investment trust’s stock after selling 1,062,736 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.49% of Kimco Realty worth $77,839,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Kimco Realty in the 4th quarter valued at approximately $363,436,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kimco Realty by 842.3% during 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. Amundi grew its stake in shares of Kimco Realty by 70.7% during the 4th quarter. Amundi now owns 5,999,390 shares of the real estate investment trust’s stock worth $132,227,000 after purchasing an additional 2,484,536 shares during the period. FMR LLC increased its holdings 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 valued at $518,733,000 after purchasing an additional 1,283,352 shares in the last quarter. Finally, National Pension Service boosted its holdings in Kimco Realty by 4,342.8% during the fourth quarter. National Pension Service now owns 1,078,262 shares of the real estate investment trust’s stock worth $25,264,000 after buying an additional 1,053,992 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KIM. Evercore ISI lowered their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. Scotiabank dropped their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Mizuho lowered their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Kimco Realty Stock Performance

KIM opened at $21.01 on Friday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. The firm has a market capitalization of $14.27 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The stock’s 50 day moving average price is $21.79 and its two-hundred day moving average price is $23.14. 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 posted its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, hitting 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 analysts forecast that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio is 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.