Creative Planning cut its stake in Kimco Realty Corp (NYSE:KIM) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,284 shares of the real estate investment trust’s stock after selling 10,979 shares during the quarter. Creative Planning’s holdings in Kimco Realty were worth $213,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in Kimco Realty by 41.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,429,636 shares of the real estate investment trust’s stock valued at $91,811,000 after buying an additional 1,287,312 shares during the period. Cibc Bank USA increased its holdings in Kimco Realty by 4.1% in the 4th quarter. Cibc Bank USA now owns 24,516 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 973 shares during the period. SG Americas Securities LLC increased its holdings in Kimco Realty by 161.5% in the 4th quarter. SG Americas Securities LLC now owns 598,455 shares of the real estate investment trust’s stock valued at $12,394,000 after buying an additional 369,605 shares during the period. Retirement Systems of Alabama increased its holdings in Kimco Realty by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 185,568 shares of the real estate investment trust’s stock valued at $3,843,000 after buying an additional 724 shares during the period. Finally, Dupont Capital Management Corp increased its holdings in Kimco Realty by 35.0% in the 4th quarter. Dupont Capital Management Corp now owns 8,630 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 2,236 shares during the period. 89.41% of the stock is currently owned by institutional investors.
KIM opened at $19.26 on Friday. The company’s 50 day moving average is $19.88 and its 200-day moving average is $20.16. Kimco Realty Corp has a 1-year low of $16.88 and a 1-year high of $21.86. The company has a market cap of $7.99 billion, a P/E ratio of 12.88, a PEG ratio of 2.82 and a beta of 0.63.
Kimco Realty (NYSE:KIM) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.14). Kimco Realty had a return on equity of 7.95% and a net margin of 35.43%. The business had revenue of $291.80 million for the quarter, compared to analyst estimates of $280.45 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Kimco Realty Corp will post 1.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.12 annualized dividend and a yield of 5.82%. Kimco Realty’s dividend payout ratio is presently 76.19%.
Several equities analysts have commented on KIM shares. Compass Point raised shares of Kimco Realty from a “sell” rating to a “neutral” rating and set a $22.00 target price on the stock in a report on Monday, November 25th. Morgan Stanley upgraded shares of Kimco Realty from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $16.00 to $20.00 in a research note on Tuesday, December 17th. ValuEngine upgraded shares of Kimco Realty from a “strong sell” rating to a “sell” rating in a research note on Monday, February 10th. Scotiabank upgraded shares of Kimco Realty from a “sector perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Thursday, November 21st. Finally, BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of Kimco Realty in a research note on Sunday, February 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.97.
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.
See Also: Cost of Goods Sold (COGS)
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