Mutual of America Capital Management LLC Lowers Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Mutual of America Capital Management LLC trimmed its position in shares of Kimco Realty Corp (NYSE:KIM) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,750 shares of the real estate investment trust’s stock after selling 2,255 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kimco Realty were worth $1,892,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Captrust Financial Advisors raised its position in Kimco Realty by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after purchasing an additional 482 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Kimco Realty by 2.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 565 shares in the last quarter. Savant Capital LLC raised its position 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 valued at $341,000 after purchasing an additional 611 shares in the last quarter. Ieq Capital LLC raised its position in Kimco Realty by 5.4% in the 4th 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 in the last quarter. Finally, Values First Advisors Inc. raised its position in Kimco Realty by 3.6% in the 4th quarter. Values First Advisors Inc. now owns 27,091 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Wall Street Analysts Forecast Growth

KIM has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Scotiabank cut their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Robert W. Baird raised 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. Finally, JPMorgan Chase & Co. cut their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.43.

Kimco Realty Trading Down 0.3 %

NYSE:KIM opened at $21.40 on Friday. The stock’s 50 day moving average price is $22.23 and its 200 day moving average price is $23.36. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a market capitalization of $14.54 billion, a PE ratio of 38.22, a P/E/G ratio of 2.78 and a beta of 1.53. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78.

Kimco Realty (NYSE:KIM) last announced 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 3.82% and a net margin of 20.17%. On average, research analysts anticipate 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 is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. Kimco Realty’s dividend payout ratio (DPR) is currently 178.57%.

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.