Kimco Realty Corp (NYSE:KIM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Kimco Realty Corp (NYSE:KIM) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,221,879 shares of the real estate investment trust’s stock after selling 138,726 shares during the quarter. Wellington Management Group LLP’s holdings in Kimco Realty were worth $28,629,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Kimco Realty during the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the third quarter worth approximately $31,000. Brown Brothers Harriman & Co. raised its stake 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 worth $31,000 after purchasing an additional 575 shares during the period. Quarry LP acquired a new position in shares of Kimco Realty in the 3rd quarter valued at $51,000. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,104 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on KIM shares. Mizuho cut their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Citigroup reduced their price objective on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Scotiabank dropped their target price on shares of Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Evercore ISI reduced their price target on shares of 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. Finally, Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. 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. According to data from MarketBeat.com, Kimco Realty presently has an average rating of “Moderate Buy” and an average price target of $24.75.

Kimco Realty Stock Down 1.1 %

Shares of NYSE KIM opened at $19.10 on Tuesday. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year 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. The stock’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $22.98.

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

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 5.24%. 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.