Kimco Realty Corp (NYSE:KIM) Stock Holdings Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in Kimco Realty Corp (NYSE:KIM) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,217 shares of the real estate investment trust’s stock after selling 5,475 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Kimco Realty were worth $755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KIM. Catalyst Capital Advisors LLC acquired a new stake in shares of Kimco Realty during the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kimco Realty during the third quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty during the third quarter valued at approximately $37,000. Quarry LP acquired a new stake in shares of Kimco Realty during the third quarter valued at approximately $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Kimco Realty during the fourth quarter valued at approximately $77,000. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Performance

Shares of KIM opened at $21.52 on Wednesday. The company’s fifty day moving average is $22.35 and its 200-day moving average is $23.38. Kimco Realty Corp has a 12 month low of $17.57 and a 12 month high of $25.83. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. 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 (NYSE:KIM) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities analysts expect that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.25 dividend. 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 payout ratio is presently 178.57%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KIM. 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 report on Tuesday, November 12th. UBS Group boosted their price objective on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 8th. 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. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Ten 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 has an average rating of “Moderate Buy” and an average target price of $24.43.

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.