Kimco Realty Corp (NYSE:KIM) Shares Sold by Allstate Corp

Allstate Corp reduced its position in Kimco Realty Corp (NYSE:KIM) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,532 shares of the real estate investment trust’s stock after selling 33,185 shares during the period. Allstate Corp’s holdings in Kimco Realty were worth $2,871,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quest Partners LLC raised its holdings in Kimco Realty by 415,100.0% in the third quarter. Quest Partners LLC now owns 4,152 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 4,151 shares in the last quarter. FMR LLC raised its stake in Kimco Realty by 6.1% during the third quarter. FMR LLC now owns 22,339,918 shares of the real estate investment trust’s stock valued at $518,733,000 after buying an additional 1,283,352 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Kimco Realty in the 3rd quarter worth approximately $37,000. BNP Paribas Financial Markets increased its holdings in shares of Kimco Realty by 44.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 771,268 shares of the real estate investment trust’s stock valued at $17,909,000 after acquiring an additional 235,623 shares during the last quarter. Finally, Townsquare Capital LLC increased its holdings in shares of Kimco Realty by 22.1% in the 3rd quarter. Townsquare Capital LLC now owns 13,082 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 2,370 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KIM. Citigroup reduced their price target on shares of Kimco Realty from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Mizuho lowered their target price on Kimco Realty from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, February 25th. Scotiabank cut their target price on Kimco Realty from $26.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on shares of Kimco Realty from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Evercore ISI cut their price objective on shares of Kimco Realty from $24.00 to $23.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Ten analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.43.

Kimco Realty Stock Performance

KIM opened at $20.94 on Friday. The business has a fifty day simple moving average of $21.76 and a 200-day simple moving average of $23.12. The firm has a market cap of $14.23 billion, a PE ratio of 37.38, a P/E/G ratio of 2.78 and a beta of 1.53. The company has a quick ratio of 3.59, a current ratio of 3.65 and a debt-to-equity ratio of 0.78. 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 released its earnings results on Friday, February 7th. The real estate investment trust reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. As a group, equities analysts predict that Kimco Realty Corp will post 1.71 EPS for the current fiscal year.

Kimco Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is 178.57%.

Kimco Realty Company 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.