Pensionfund DSM Netherlands Sells 5,000 Shares of Kimco Realty Corp (NYSE:KIM)

Pensionfund DSM Netherlands trimmed its position in shares of Kimco Realty Corp (NYSE:KIM) by 14.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,731 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Kimco Realty were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KIM. Lord Abbett & CO. LLC purchased a new stake in Kimco Realty in the third quarter worth $17,636,000. Point72 DIFC Ltd bought a new stake in Kimco Realty during the 3rd quarter valued at $2,387,000. Victory Capital Management Inc. raised its holdings in shares of Kimco Realty by 48.8% in the 3rd quarter. Victory Capital Management Inc. now owns 836,427 shares of the real estate investment trust’s stock valued at $19,422,000 after purchasing an additional 274,295 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $220,131,000 after acquiring an additional 405,685 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Kimco Realty by 71.5% in the 2nd quarter. Sei Investments Co. now owns 2,792,649 shares of the real estate investment trust’s stock valued at $54,345,000 after acquiring an additional 1,164,029 shares during the period. 89.25% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Price Performance

NYSE:KIM traded down $0.14 during trading hours on Monday, reaching $23.03. 335,927 shares of the company were exchanged, compared to its average volume of 2,152,120. The stock’s 50-day moving average is $24.44 and its 200-day moving average is $22.91. Kimco Realty Corp has a twelve month low of $17.57 and a twelve month high of $25.83. The firm has a market cap of $15.52 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 3.22 and a beta of 1.51. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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

Kimco Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.25 dividend. This is an increase from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Thursday, December 5th. Kimco Realty’s dividend payout ratio is currently 181.82%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group boosted their target price 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. Jefferies Financial Group lowered shares of Kimco Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $25.00 in a report on Thursday. Robert W. Baird lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on Kimco Realty from $20.00 to $22.50 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Compass Point lifted their target price on Kimco Realty from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kimco Realty has an average rating of “Hold” and a consensus price target of $24.84.

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.