Kimco Realty Corp (NYSE:KIM) Stake Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in Kimco Realty Corp (NYSE:KIM) by 88.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,856 shares of the real estate investment trust’s stock after selling 94,186 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kimco Realty were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Kimco Realty during the 4th quarter valued at about $150,326,000. JPMorgan Chase & Co. grew its stake in Kimco Realty by 23.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock valued at $547,401,000 after acquiring an additional 5,894,446 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Kimco Realty during the 4th quarter valued at about $84,678,000. Cohen & Steers Inc. lifted its holdings in shares of Kimco Realty by 7.3% during the 4th quarter. Cohen & Steers Inc. now owns 44,190,222 shares of the real estate investment trust’s stock valued at $941,817,000 after buying an additional 3,022,995 shares during the last quarter. Finally, PGGM Investments acquired a new stake in shares of Kimco Realty during the 4th quarter valued at about $46,323,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KIM shares. Citigroup reiterated a “neutral” rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Mizuho reduced their price target on Kimco Realty from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Truist Financial reduced their price target on Kimco Realty from $23.00 to $22.00 and set a “hold” rating for the company in a report on Monday, May 20th. Bank of America reiterated a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Finally, Robert W. Baird reduced their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kimco Realty presently has a consensus rating of “Hold” and a consensus target price of $21.52.

Kimco Realty Stock Up 1.7 %

Shares of KIM stock opened at $19.09 on Friday. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83. The firm has a market cap of $12.87 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 3.63 and a beta of 1.50. The stock has a 50 day moving average of $18.83 and a 200-day moving average of $19.56. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.71.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.03%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Kimco Realty 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.