Sei Investments Co. Has $78.85 Million Stake in Kimco Realty Corp (NYSE:KIM)

Sei Investments Co. lessened its position in Kimco Realty Corp (NYSE:KIM) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,365,538 shares of the real estate investment trust’s stock after selling 71,678 shares during the period. Sei Investments Co.’s holdings in Kimco Realty were worth $78,854,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KIM. GSA Capital Partners LLP bought a new position in Kimco Realty in the 3rd quarter valued at approximately $302,000. Thrivent Financial for Lutherans raised its stake in shares of Kimco Realty by 2.2% during the third quarter. Thrivent Financial for Lutherans now owns 258,593 shares of the real estate investment trust’s stock valued at $6,005,000 after acquiring an additional 5,624 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Kimco Realty by 415,100.0% during the third quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 4,151 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Kimco Realty in the third quarter worth $1,303,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kimco Realty by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock valued at $220,131,000 after purchasing an additional 405,685 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Down 0.6 %

Shares of NYSE:KIM opened at $20.78 on Friday. 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 Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The business’s 50 day simple moving average is $21.86 and its two-hundred day simple moving average is $23.19. The firm has a market cap of $14.12 billion, a P/E ratio of 37.10, a PEG ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (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%. As a group, research analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.81%. Kimco Realty’s dividend payout ratio is presently 178.57%.

Analyst Ratings Changes

A number of research firms have commented on KIM. Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Mizuho lowered their price target on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. JPMorgan Chase & Co. reduced 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. Citigroup lowered their target price on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Wells Fargo & Company cut 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. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.50.

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.