Skandinaviska Enskilda Banken AB publ Reduces Stock Position in Kimco Realty Corp (NYSE:KIM)

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 121,055 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Kimco Realty were worth $2,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kimco Realty during the 3rd quarter worth approximately $31,000. Brooklyn Investment Group purchased a new stake in Kimco Realty during the 3rd quarter worth approximately $37,000. Quarry LP purchased a new stake in Kimco Realty during the 3rd quarter worth approximately $51,000. Catalyst Capital Advisors LLC increased its holdings in Kimco Realty by 102.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 2,177 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Kimco Realty during the 4th quarter worth approximately $77,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Trading Up 2.2 %

Shares of KIM stock opened at $20.57 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.65. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83. The stock has a fifty day moving average of $21.98 and a two-hundred day moving average of $23.28. The firm has a market capitalization of $13.97 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 2.78 and a beta of 1.53.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. Kimco Realty had a return on equity of 3.82% and a net margin of 20.17%. As a group, research analysts expect that Kimco Realty Corp will post 1.71 EPS for the current year.

Kimco Realty Announces Dividend

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. Kimco Realty’s dividend payout ratio (DPR) is presently 178.57%.

Analysts Set New Price Targets

KIM has been the topic of several analyst reports. Wells Fargo & Company dropped their price objective on Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Mizuho lowered their price target on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group downgraded Kimco Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $25.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price target on Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Finally, Scotiabank lowered their price target on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Ten equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.