Kiwi Wealth Investments Limited Partnership decreased its stake in Kimco Realty Corp (NYSE:KIM) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,778 shares of the real estate investment trust’s stock after selling 3,886 shares during the period. Kiwi Wealth Investments Limited Partnership’s holdings in Kimco Realty were worth $1,110,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Enlightenment Research LLC bought a new position in Kimco Realty in the fourth quarter worth $62,000. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Kimco Realty in the fourth quarter worth $107,000. Shulman DeMeo Asset Management LLC bought a new position in Kimco Realty in the fourth quarter worth $152,000. First Midwest Bank Trust Division bought a new position in Kimco Realty in the fourth quarter worth $153,000. Finally, MML Investors Services LLC bought a new position in Kimco Realty in the third quarter worth $185,000. Institutional investors and hedge funds own 86.31% of the company’s stock.
Shares of NYSE KIM opened at $17.89 on Friday. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 3.70 and a beta of 0.64. Kimco Realty Corp has a 52-week low of $13.16 and a 52-week high of $17.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.96 and a quick ratio of 1.96.
Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, January 31st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.18). Kimco Realty had a net margin of 41.49% and a return on equity of 8.84%. The company had revenue of $284.20 million for the quarter, compared to the consensus estimate of $278.28 million. As a group, sell-side analysts predict that Kimco Realty Corp will post 1.46 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.26%. Kimco Realty’s dividend payout ratio is 77.24%.
In other Kimco Realty news, Director Philip E. Coviello, Jr. purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was acquired at an average cost of $14.91 per share, with a total value of $74,550.00. Following the completion of the acquisition, the director now directly owns 52,965 shares of the company’s stock, valued at approximately $789,708.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine raised Kimco Realty from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.00.
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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.
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