Elo Mutual Pension Insurance Co Sells 8,290 Shares of Kimco Realty Corp (NYSE:KIM)

Elo Mutual Pension Insurance Co cut its stake in Kimco Realty Corp (NYSE:KIM) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,087 shares of the real estate investment trust’s stock after selling 8,290 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Kimco Realty were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Quest Partners LLC raised its position in Kimco Realty by 415,100.0% in the 3rd quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 4,151 shares during the last quarter. FMR LLC increased its stake in shares of Kimco Realty by 6.1% in the 3rd quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after buying an additional 1,283,352 shares during the period. Brooklyn Investment Group bought a new stake in shares of Kimco Realty during the third quarter worth $37,000. BNP Paribas Financial Markets lifted its stake in shares of Kimco Realty by 44.0% during the third quarter. BNP Paribas Financial Markets now owns 771,268 shares of the real estate investment trust’s stock valued at $17,909,000 after acquiring an additional 235,623 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in Kimco Realty by 22.1% in the third quarter. Townsquare Capital LLC now owns 13,082 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 2,370 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Kimco Realty Stock Down 0.4 %

Shares of KIM stock opened at $20.94 on Friday. Kimco Realty Corp has a 12-month low of $17.57 and a 12-month high of $25.83. 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 firm has a fifty day moving average of $21.76 and a 200-day moving average of $23.12. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 37.38, a P/E/G ratio of 2.78 and a beta of 1.53.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results 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%. As a group, equities research analysts predict that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.78%. Kimco Realty’s dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KIM shares. Jefferies Financial Group downgraded shares of Kimco Realty from a “buy” rating to a “hold” rating and cut their target price for the company from $28.00 to $25.00 in a research report on Thursday, January 2nd. Citigroup cut their price objective on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Wells Fargo & Company lowered their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday. Mizuho cut their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.43.

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.