Handelsbanken Fonder AB Decreases Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Handelsbanken Fonder AB decreased its position in Kimco Realty Corp (NYSE:KIM) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,242 shares of the real estate investment trust’s stock after selling 16,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kimco Realty were worth $3,778,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Kimco Realty in the third quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Kimco Realty during the third quarter valued at about $31,000. Brooklyn Investment Group purchased a new position in shares of Kimco Realty during the third quarter valued at about $37,000. Quarry LP purchased a new position in shares of Kimco Realty during the third quarter valued at about $51,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Kimco Realty during the fourth quarter valued at about $77,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird boosted their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reduced 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. Finally, Evercore ISI dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. Ten 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. Based on data from MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.

Kimco Realty Trading Down 0.5 %

Shares of NYSE KIM opened at $21.52 on Monday. The firm’s 50 day moving average price is $22.61 and its 200-day moving average price is $23.39. The company has a market cap of $14.50 billion, a PE ratio of 38.42, a P/E/G ratio of 2.78 and a beta of 1.50. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. On average, equities research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. Kimco Realty’s dividend payout ratio (DPR) is 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.