Louisiana State Employees Retirement System Has $851,000 Position in Kimco Realty Corp (NYSE:KIM)

Louisiana State Employees Retirement System lowered its stake in shares of Kimco Realty Corp (NYSE:KIM) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,300 shares of the real estate investment trust’s stock after selling 1,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Kimco Realty were worth $851,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KIM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kimco Realty by 842.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,262,687 shares of the real estate investment trust’s stock valued at $145,420,000 after acquiring an additional 5,598,091 shares during the period. FMR LLC increased its stake in Kimco Realty by 6.1% in the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after acquiring an additional 1,283,352 shares during the period. State Street Corp increased its stake in Kimco Realty by 2.0% in the third quarter. State Street Corp now owns 45,167,816 shares of the real estate investment trust’s stock valued at $1,048,797,000 after acquiring an additional 882,047 shares during the period. Lord Abbett & CO. LLC bought a new stake in Kimco Realty in the third quarter valued at about $17,636,000. Finally, KBC Group NV grew its stake in Kimco Realty by 408.7% during the third quarter. KBC Group NV now owns 669,923 shares of the real estate investment trust’s stock worth $15,556,000 after buying an additional 538,232 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KIM. Robert W. Baird upped their price objective on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Evercore ISI decreased their price objective 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. Scotiabank increased their price target on shares of Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. UBS Group increased their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.97.

Kimco Realty Trading Down 2.6 %

KIM opened at $21.85 on Tuesday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $22.85 and a 200-day moving average of $23.39. The stock has a market cap of $14.73 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its earnings results 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 net margin of 19.58% and a return on equity of 3.68%. On average, sell-side analysts predict that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.58%. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

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.