Folger Nolan Fleming Douglas Capital Management Inc. Has $1.40 Million Holdings in Kimco Realty Corp (NYSE:KIM)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in Kimco Realty Corp (NYSE:KIM) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,729 shares of the real estate investment trust’s stock after selling 1,053 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Kimco Realty were worth $1,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in Kimco Realty by 4.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,190,198 shares of the real estate investment trust’s stock valued at $68,184,000 after buying an additional 123,687 shares during the period. Headlands Technologies LLC acquired a new position in Kimco Realty in the fourth quarter valued at $27,000. State of New Jersey Common Pension Fund D lifted its holdings in Kimco Realty by 0.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,245,383 shares of the real estate investment trust’s stock valued at $26,539,000 after buying an additional 10,000 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Kimco Realty by 7.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,362 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 1,460 shares during the period. Finally, Grace & White Inc. NY raised its holdings in shares of Kimco Realty by 3.2% during the fourth quarter. Grace & White Inc. NY now owns 341,878 shares of the real estate investment trust’s stock valued at $7,285,000 after purchasing an additional 10,500 shares during the period. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Price Performance

NYSE KIM traded down $0.04 on Friday, hitting $18.38. The stock had a trading volume of 2,312,018 shares, compared to its average volume of 4,619,416. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $22.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 4.16 and a beta of 1.45. The firm has a 50-day moving average of $18.99 and a 200-day moving average of $19.38.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.

Insider Transactions at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KIM shares. Robert W. Baird dropped their price objective on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Citigroup reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $23.00 target price for the company. Mizuho reduced their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Bank of America restated a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Kimco Realty presently has an average rating of “Hold” and a consensus target price of $21.48.

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.