Kimco Realty Corp (NYSE:KIM) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. cut its position in shares of Kimco Realty Corp (NYSE:KIM) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,999 shares of the real estate investment trust’s stock after selling 667 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Kimco Realty were worth $1,406,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Kimco Realty in the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in Kimco Realty during the third quarter worth about $31,000. Brooklyn Investment Group acquired a new stake in shares of Kimco Realty in the third quarter valued at approximately $37,000. Quarry LP purchased a new position in shares of Kimco Realty during the 3rd quarter worth approximately $51,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Kimco Realty by 378.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,975 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 3,144 shares during the last quarter. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Up 0.2 %

NYSE:KIM opened at $22.35 on Friday. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 2.73 and a beta of 1.51. The stock has a 50-day simple moving average of $24.02 and a 200 day simple moving average of $23.10. 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 Corp has a one year low of $17.57 and a one year high of $25.83.

Kimco Realty (NYSE:KIM) last issued its earnings results 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 company had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Sell-side analysts predict that Kimco Realty Corp will post 1.64 EPS for the current fiscal year.

Kimco Realty Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.25 dividend. This is a boost from Kimco Realty’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, December 5th. This represents a $1.00 annualized dividend and a yield of 4.48%. Kimco Realty’s dividend payout ratio is 181.82%.

Analysts Set New Price Targets

A number of analysts recently commented on KIM shares. Jefferies Financial Group lowered Kimco Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $25.00 in a research note on Thursday, January 2nd. Evercore ISI lowered their price target on Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. Robert W. Baird increased their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. 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 report on Friday, December 20th. Finally, 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. Eleven investment 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. According to data from MarketBeat, the stock has an average 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.