First Trust Advisors LP Sells 85,855 Shares of Kimco Realty Corp (NYSE:KIM)

First Trust Advisors LP lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 444,395 shares of the real estate investment trust’s stock after selling 85,855 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of Kimco Realty worth $10,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Keybank National Association OH raised its position in Kimco Realty by 4.0% during the fourth quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 496 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Kimco Realty by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 12,839 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 539 shares in the last quarter. Pitcairn Co. raised its position in Kimco Realty by 4.0% during the fourth quarter. Pitcairn Co. now owns 14,568 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 567 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 575 shares in the last quarter. Finally, Savant Capital LLC raised its position in Kimco Realty by 4.4% during the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 611 shares in the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KIM. Wells Fargo & Company dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price target 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. Scotiabank dropped their price target on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Citigroup dropped their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average target price of $24.68.

Kimco Realty Price Performance

KIM opened at $20.50 on Tuesday. Kimco Realty Corp has a one year low of $17.93 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. The company’s 50 day simple moving average is $20.76 and its 200-day simple moving average is $22.62. The stock has a market capitalization of $13.93 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Sell-side analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a yield of 4.88%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Kimco Realty Company 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.