Van ECK Associates Corp Lowers Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Van ECK Associates Corp decreased its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 298,280 shares of the real estate investment trust’s stock after selling 629 shares during the quarter. Van ECK Associates Corp’s holdings in Kimco Realty were worth $6,989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KIM. State Street Corp raised its holdings 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 buying an additional 882,047 shares during the period. FMR LLC boosted its position in shares of 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 worth $518,733,000 after buying an additional 1,283,352 shares during the period. Geode Capital Management LLC lifted its position in shares of Kimco Realty by 0.3% during the third quarter. Geode Capital Management LLC now owns 17,215,209 shares of the real estate investment trust’s stock worth $398,468,000 after purchasing an additional 53,378 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kimco Realty by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,480,254 shares of the real estate investment trust’s stock worth $220,131,000 after buying an additional 405,685 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kimco Realty by 842.3% during 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 worth $145,420,000 after acquiring an additional 5,598,091 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM opened at $21.85 on Tuesday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-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 firm has a market capitalization of $14.73 billion, a P/E ratio of 39.72, a PEG ratio of 2.92 and a beta of 1.50. The stock has a fifty day moving average of $22.85 and a 200-day moving average of $23.39.

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, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. Equities analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio is currently 181.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KIM shares. Mizuho lifted their target price on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI dropped their price target on 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. Scotiabank boosted their price objective on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Wells Fargo & Company cut their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group upped their price target on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.97.

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.