Wolverine Asset Management LLC Sells 3,431 Shares of Kimco Realty Corp (NYSE:KIM)

Wolverine Asset Management LLC lessened its position in Kimco Realty Corp (NYSE:KIM) by 57.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,560 shares of the real estate investment trust’s stock after selling 3,431 shares during the period. Wolverine Asset Management LLC’s holdings in Kimco Realty were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. ING Groep NV grew its position in shares of Kimco Realty by 125.5% in the 4th 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 grew its position in shares of Kimco Realty by 5.4% in the 4th quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 853 shares during the period. Bryn Mawr Capital Management LLC bought a new position in shares of Kimco Realty in the 4th quarter valued at about $178,000. CIBC Asset Management Inc grew its position in shares of Kimco Realty by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 103,273 shares of the real estate investment trust’s stock valued at $2,420,000 after acquiring an additional 4,637 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of Kimco Realty by 10.1% in the 4th quarter. Sanctuary Advisors LLC now owns 40,288 shares of the real estate investment trust’s stock valued at $914,000 after acquiring an additional 3,684 shares during the period. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of Kimco Realty stock opened at $21.79 on Tuesday. Kimco Realty Corp has a twelve month low of $17.57 and a twelve 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 company has a 50-day simple moving average of $22.56 and a two-hundred day simple moving average of $23.39. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50.

Kimco Realty (NYSE:KIM) last issued 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 20.17% and a return on equity of 3.82%. Analysts forecast that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KIM. Wells Fargo & Company cut their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. 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 note on Tuesday, December 24th. Scotiabank raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Robert W. Baird raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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 assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.83.

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.