Chevy Chase Trust Holdings LLC Trims Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Chevy Chase Trust Holdings LLC lowered its position in Kimco Realty Corp (NYSE:KIM) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,728 shares of the real estate investment trust’s stock after selling 7,716 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Kimco Realty worth $8,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted 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 buying an additional 882,047 shares during the last quarter. FMR LLC raised its stake in shares of Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock worth $518,733,000 after purchasing an additional 1,283,352 shares during the last quarter. Geode Capital Management LLC raised its stake 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kimco Realty by 4.5% during the third 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 purchasing an additional 405,685 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 purchasing 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 Stock Down 2.6 %

Kimco Realty stock opened at $21.85 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 2.92 and a beta of 1.50. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83. The stock’s fifty day moving average is $22.85 and its two-hundred day moving average is $23.39.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Announces Dividend

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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s payout ratio is currently 181.82%.

Analyst Ratings Changes

KIM has been the subject of several analyst reports. JPMorgan Chase & Co. cut Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Friday, December 20th. Scotiabank upped their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Wells Fargo & Company cut their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird upped their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Mizuho upped their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Kimco Realty presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.97.

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.