Grace & White Inc. NY Has $7.64 Million Stake in Kimco Realty Corp (NYSE:KIM)

Grace & White Inc. NY decreased its holdings in Kimco Realty Corp (NYSE:KIM) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 326,087 shares of the real estate investment trust’s stock after selling 14,307 shares during the quarter. Kimco Realty accounts for approximately 1.4% of Grace & White Inc. NY’s portfolio, making the stock its 22nd largest position. Grace & White Inc. NY’s holdings in Kimco Realty were worth $7,640,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in shares of Kimco Realty by 3.4% in the third quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 482 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Kimco Realty by 2.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 565 shares during the last quarter. CWM LLC increased its position in Kimco Realty by 4.7% in the 3rd quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 595 shares in the last quarter. Savant Capital LLC raised its stake in shares of Kimco Realty by 4.4% in the fourth quarter. Savant Capital LLC now owns 14,541 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 611 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Kimco Realty by 10.2% during the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 783 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

Kimco Realty Stock Down 0.4 %

Kimco Realty stock opened at $22.29 on Thursday. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 2.92 and a beta of 1.50. The company’s 50 day simple moving average is $23.10 and its 200 day simple moving average is $23.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty Corp has a fifty-two week low of $17.57 and a fifty-two week high of $25.83.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 19.58% and a return on equity of 3.68%. As a group, sell-side analysts anticipate that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 4.49%. Kimco Realty’s dividend payout ratio is presently 181.82%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Friday, December 20th. UBS Group lifted their target price on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company dropped their target price on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Scotiabank raised their price target on Kimco Realty from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Finally, Robert W. Baird lifted their price objective on Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $24.97.

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.