Ossiam Lowers Holdings in Kimco Realty Corp (NYSE:KIM)

Ossiam lowered its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,226 shares of the real estate investment trust’s stock after selling 937 shares during the quarter. Ossiam’s holdings in Kimco Realty were worth $1,341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Keybank National Association OH grew its holdings in Kimco Realty by 4.0% during the 4th quarter. Keybank National Association OH now owns 13,033 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 496 shares in the last quarter. Avantax Advisory Services Inc. grew its stake 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. increased its holdings in Kimco Realty by 4.0% in the 4th 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 during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Kimco Realty by 78.9% in the 4th 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 in the last quarter. Finally, Savant Capital LLC boosted its holdings in shares of Kimco Realty by 4.4% during the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 611 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KIM shares. Citigroup decreased their target price on Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Scotiabank lowered their target price on 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. 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. Evercore ISI decreased 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 note on Tuesday, December 24th. Finally, Mizuho dropped their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average target price of $24.75.

Kimco Realty Stock Up 2.1 %

Shares of NYSE:KIM opened at $20.58 on Monday. The business’s 50 day moving average is $20.94 and its 200 day moving average is $22.73. The stock has a market cap of $13.98 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 52-week low of $17.93 and a 52-week high of $25.83. 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, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. Sell-side analysts predict that Kimco Realty Corp will post 1.71 EPS for the current 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

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.