United Services Automobile Association Sells 3,428 Shares of Kimco Realty Corp (NYSE:KIM)

United Services Automobile Association lowered its stake in shares of Kimco Realty Corp (NYSE:KIM) by 14.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,007 shares of the real estate investment trust’s stock after selling 3,428 shares during the period. United Services Automobile Association’s holdings in Kimco Realty were worth $469,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stevens Capital Management LP bought a new position in Kimco Realty during the fourth quarter valued at approximately $207,000. LPL Financial LLC lifted its holdings in shares of Kimco Realty by 23.6% during the 4th quarter. LPL Financial LLC now owns 132,205 shares of the real estate investment trust’s stock valued at $3,098,000 after buying an additional 25,254 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Kimco Realty in the 4th quarter worth $853,000. KLP Kapitalforvaltning AS bought a new stake in shares of Kimco Realty in the fourth quarter worth $14,110,000. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in Kimco Realty during the fourth quarter valued at $4,870,000. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KIM shares. Jefferies Financial Group cut Kimco Realty from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Thursday, January 2nd. Evercore ISI cut their target price on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, December 24th. JPMorgan Chase & Co. reduced their target price on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Mizuho dropped their price target on shares of 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, Scotiabank reduced their price objective on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Kimco Realty currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Kimco Realty Trading Up 2.8 %

Shares of KIM opened at $21.34 on Tuesday. The firm has a market cap of $14.50 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.65 and a quick ratio of 3.59. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The company has a 50 day simple moving average of $21.85 and a two-hundred day simple moving average of $23.18.

Kimco Realty (NYSE:KIM) last posted its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share 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, equities analysts expect that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. Kimco Realty’s dividend payout ratio is currently 178.57%.

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.