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

Grace & White Inc. NY lessened its holdings in shares of Kimco Realty Corp (NYSE:KIM) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 326,087 shares of the real estate investment trust’s stock after selling 14,307 shares during the quarter. Kimco Realty makes up approximately 1.4% of Grace & White Inc. NY’s portfolio, making the stock its 22nd largest holding. Grace & White Inc. NY’s holdings in Kimco Realty were worth $7,640,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its holdings in shares of Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock valued at $340,000 after acquiring an additional 482 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Kimco Realty by 2.5% during the third quarter. Coldstream Capital Management Inc. now owns 23,380 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 565 shares during the period. CWM LLC grew its holdings in Kimco Realty by 4.7% during the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 595 shares during the last quarter. Savant Capital LLC raised its position 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 valued at $341,000 after purchasing an additional 611 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Kimco Realty by 10.2% in the third quarter. Signaturefd LLC now owns 8,441 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 783 shares during the last quarter. 89.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KIM. JPMorgan Chase & Co. lowered shares of Kimco Realty from an “overweight” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Friday, December 20th. Robert W. Baird raised their price target on Kimco Realty from $23.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. UBS Group boosted their price objective on Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company decreased their target price on 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. Finally, Scotiabank lifted their price target on Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Ten 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.97.

Kimco Realty Price Performance

NYSE:KIM opened at $22.29 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.59 and a current ratio of 3.59. The company has a 50-day moving average of $23.10 and a 200-day moving average of $23.39. Kimco Realty Corp has a 52 week low of $17.57 and a 52 week high of $25.83. The company 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.

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

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is currently 181.82%.

About Kimco Realty

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.