Arrow Investment Advisors LLC lessened its stake in shares of Kimco Realty Corp (NYSE:KIM) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,980 shares of the real estate investment trust’s stock after selling 1,964 shares during the quarter. Arrow Investment Advisors LLC’s holdings in Kimco Realty were worth $372,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. TRUE Private Wealth Advisors purchased a new stake in shares of Kimco Realty during the 4th quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new position in shares of Kimco Realty in the third quarter worth approximately $28,000. Institutional & Family Asset Management LLC purchased a new position in shares of Kimco Realty in the third quarter worth approximately $51,000. NuWave Investment Management LLC boosted its holdings in shares of Kimco Realty by 174.1% in the third quarter. NuWave Investment Management LLC now owns 2,582 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,640 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of Kimco Realty by 15.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,220 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 549 shares during the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on KIM shares. Capital One Financial downgraded shares of Kimco Realty from an “overweight” rating to an “equal weight” rating and set a $21.00 price objective on the stock. in a report on Wednesday, October 23rd. BMO Capital Markets reissued a “hold” rating and issued a $20.00 price objective on shares of Kimco Realty in a report on Sunday, February 2nd. Compass Point raised shares of Kimco Realty from a “sell” rating to a “neutral” rating and set a $22.00 price objective on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. downgraded shares of Kimco Realty from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $21.00 in a report on Wednesday, December 18th. Finally, BTIG Research downgraded shares of Kimco Realty from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Kimco Realty presently has a consensus rating of “Hold” and a consensus price target of $19.97.
NYSE KIM opened at $19.26 on Friday. Kimco Realty Corp has a 12 month low of $16.88 and a 12 month high of $21.86. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.93 and a beta of 0.63. The company’s 50 day moving average is $19.88 and its two-hundred day moving average is $20.16.
Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.14). Kimco Realty had a return on equity of 7.95% and a net margin of 35.43%. The firm had revenue of $291.80 million for the quarter, compared to the consensus estimate of $280.45 million. During the same quarter in the previous year, the business posted $0.35 EPS. Kimco Realty’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts predict that Kimco Realty Corp will post 1.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date is Wednesday, April 1st. Kimco Realty’s payout ratio is 76.19%.
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.
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