First Trust Advisors LP Has $10.41 Million Position in Kimco Realty Corp (NYSE:KIM)

First Trust Advisors LP reduced its holdings in Kimco Realty Corp (NYSE:KIM) by 16.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 444,395 shares of the real estate investment trust’s stock after selling 85,855 shares during the quarter. First Trust Advisors LP’s holdings in Kimco Realty were worth $10,412,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Kimco Realty in the fourth quarter worth $26,000. Brown Brothers Harriman & Co. raised its holdings in shares of Kimco Realty by 78.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,304 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 575 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kimco Realty during the third quarter worth $31,000. Headlands Technologies LLC acquired a new stake in shares of Kimco Realty during the fourth quarter worth $45,000. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Kimco Realty by 102.9% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,104 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KIM. Wells Fargo & Company dropped their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Scotiabank lowered their price target on shares of Kimco Realty from $24.00 to $23.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 23rd. Citigroup reduced their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Nine 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.68.

Kimco Realty Price Performance

NYSE:KIM opened at $20.50 on Tuesday. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. The stock’s 50 day moving average price is $20.76 and its two-hundred day moving average price is $22.62. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.78 and a beta of 1.25. Kimco Realty Corp has a 12-month low of $17.93 and a 12-month high of $25.83.

Kimco Realty (NYSE:KIM) last released its quarterly earnings data on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share (EPS) 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, analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current year.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.88%. Kimco Realty’s dividend payout ratio (DPR) is currently 178.57%.

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.