Douglas Lane & Associates LLC Decreases Stock Position in Kimco Realty Corp (NYSE:KIM)

Douglas Lane & Associates LLC trimmed its holdings in Kimco Realty Corp (NYSE:KIM) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387,108 shares of the real estate investment trust’s stock after selling 10,747 shares during the period. Douglas Lane & Associates LLC owned approximately 0.21% of Kimco Realty worth $32,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KIM. Captrust Financial Advisors grew its position in Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 482 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Kimco Realty by 1.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after buying an additional 522 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 565 shares during the last quarter. CWM LLC boosted its position in shares of Kimco Realty by 4.7% during the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 595 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Kimco Realty by 2.0% during the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Stock Performance

NYSE KIM traded up $0.08 during trading hours on Wednesday, reaching $22.05. The stock had a trading volume of 1,769,941 shares, compared to its average volume of 3,795,717. The stock has a market cap of $14.86 billion, a P/E ratio of 40.09, a price-to-earnings-growth ratio of 3.22 and a beta of 1.51. The stock has a fifty day moving average of $24.37 and a 200 day moving average of $22.99. Kimco Realty Corp has a 52-week low of $17.57 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59.

Kimco Realty (NYSE:KIM) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). The firm had revenue of $507.63 million for the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. Kimco Realty’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Sell-side analysts predict that Kimco Realty Corp will post 1.64 earnings per share for the current year.

Kimco Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.25 dividend. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.82%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KIM shares. The Goldman Sachs Group lifted their target price on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Jefferies Financial Group cut shares of Kimco Realty from a “buy” rating to a “hold” rating and cut their price objective for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Friday, December 20th. Compass Point raised their target price on shares of Kimco Realty from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, UBS Group lifted their target price on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Eleven investment 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.84.

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.