Amalgamated Bank Sells 2,573 Shares of Kimco Realty Corp (NYSE:KIM)

Amalgamated Bank lowered its position in shares of Kimco Realty Corp (NYSE:KIM) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,073 shares of the real estate investment trust’s stock after selling 2,573 shares during the quarter. Amalgamated Bank’s holdings in Kimco Realty were worth $3,024,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Kimco Realty by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,953,320 shares of the real estate investment trust’s stock valued at $139,486,000 after buying an additional 51,656 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Kimco Realty during the fourth quarter worth about $380,000. ING Groep NV grew its stake in Kimco Realty by 125.5% in the fourth quarter. ING Groep NV now owns 337,694 shares of the real estate investment trust’s stock valued at $7,912,000 after acquiring an additional 187,938 shares during the period. Ieq Capital LLC increased its holdings in shares of Kimco Realty by 5.4% in the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock worth $393,000 after acquiring an additional 853 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Kimco Realty during the fourth quarter worth about $178,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of KIM opened at $22.09 on Friday. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $22.42 and its 200 day simple moving average is $23.38. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 2.78 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued its 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 net margin of 20.17% and a return on equity of 3.82%. On average, research analysts forecast 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 will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio is 178.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KIM shares. Scotiabank decreased their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday. Evercore ISI reduced their price target on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Mizuho lowered their price objective on shares of Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Robert W. Baird increased their target price on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Ten 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 MarketBeat.com, Kimco Realty currently has an average rating of “Moderate Buy” and an average target price of $24.43.

Kimco Realty 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.