Steph & Co. Sells 780 Shares of Kimco Realty Corp (NYSE:KIM)

Steph & Co. reduced its position in Kimco Realty Corp (NYSE:KIM) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,327 shares of the real estate investment trust’s stock after selling 780 shares during the period. Steph & Co.’s holdings in Kimco Realty were worth $617,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KIM. Lord Abbett & CO. LLC purchased a new position in shares of Kimco Realty in the third quarter worth about $17,636,000. Point72 DIFC Ltd purchased a new position in Kimco Realty in the 3rd quarter valued at approximately $2,387,000. Nordea Investment Management AB raised its holdings in Kimco Realty by 6.9% during the 4th 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 period. Victory Capital Management Inc. raised its holdings in Kimco Realty by 48.8% during the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock valued at $19,422,000 after acquiring an additional 274,295 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 405,685 shares in the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 0.1 %

Shares of KIM stock opened at $22.04 on Thursday. 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 firm has a market cap of $14.86 billion, a P/E ratio of 40.07, a price-to-earnings-growth ratio of 2.73 and a beta of 1.51. The business has a 50-day moving average price of $24.12 and a two-hundred day moving average price of $23.08. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83.

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

Kimco Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Thursday, December 5th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KIM shares. Mizuho lifted their price target on Kimco Realty from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $25.00 in a report on Thursday, January 2nd. Evercore ISI cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Finally, Robert W. Baird upped their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Eleven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Kimco Realty presently has an average rating of “Hold” and an average target price of $24.84.

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.