Swiss National Bank Sells 91,500 Shares of Kimco Realty Corp (NYSE:KIM)

Swiss National Bank lessened its stake in Kimco Realty Corp (NYSE:KIM) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,904,433 shares of the real estate investment trust’s stock after selling 91,500 shares during the quarter. Swiss National Bank’s holdings in Kimco Realty were worth $44,621,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $31,000. Brooklyn Investment Group purchased a new position in Kimco Realty in the 3rd quarter valued at approximately $37,000. Quarry LP purchased a new position in Kimco Realty in the 3rd quarter valued at approximately $51,000. Catalyst Capital Advisors LLC grew its stake in Kimco Realty by 102.9% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Kimco Realty in the 4th quarter valued at approximately $77,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Up 2.2 %

KIM opened at $20.57 on Monday. The stock has a market cap of $13.97 billion, a PE ratio of 36.72, a P/E/G ratio of 2.78 and a beta of 1.53. 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 Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The business’s fifty day simple moving average is $21.98 and its 200 day simple moving average is $23.28.

Kimco Realty (NYSE:KIM) last released its 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%. As a group, research analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given 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 4.86%. Kimco Realty’s payout ratio is 178.57%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KIM shares. JPMorgan Chase & Co. reduced their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Scotiabank reduced their price objective on shares of 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. Wells Fargo & Company reduced their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Mizuho reduced their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Finally, Evercore ISI decreased 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 research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty 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.