Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Holdings in Kimco Realty Corp (NYSE:KIM)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Kimco Realty Corp (NYSE:KIM) by 21.6% during the 4th quarter, HoldingsChannel reports. The firm owned 248,774 shares of the real estate investment trust’s stock after selling 68,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kimco Realty were worth $5,829,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KIM. Captrust Financial Advisors boosted its position in shares of Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 482 shares during the period. Coldstream Capital Management Inc. lifted its position in Kimco Realty by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 565 shares in the last quarter. Savant Capital LLC boosted its holdings in Kimco Realty by 4.4% in the 4th quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 611 shares during the period. Signaturefd LLC grew its position in Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 783 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Kimco Realty by 5.4% during the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $393,000 after purchasing an additional 853 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Stock Performance

Shares of KIM opened at $21.79 on Tuesday. The stock has a market capitalization of $14.69 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. The business’s fifty day moving average price is $22.56 and its 200 day moving average price is $23.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83.

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, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Equities research analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 4.59%. Kimco Realty’s payout ratio is currently 178.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KIM shares. JPMorgan Chase & Co. decreased their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Robert W. Baird lifted their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Evercore ISI reduced their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Finally, Scotiabank raised their price objective on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Ten 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.83.

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.