Wolverine Asset Management LLC Has $60,000 Position in Kimco Realty Corp (NYSE:KIM)

Wolverine Asset Management LLC reduced its holdings in Kimco Realty Corp (NYSE:KIM) by 57.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other large investors have also bought and sold shares of the business. ING Groep NV lifted its holdings in Kimco Realty by 125.5% in the fourth quarter. ING Groep NV now owns 337,694 shares of the real estate investment trust’s stock valued at $7,912,000 after buying an additional 187,938 shares during the period. Ieq Capital LLC raised its holdings in Kimco Realty by 5.4% in the fourth quarter. Ieq Capital LLC now owns 16,789 shares of the real estate investment trust’s stock worth $393,000 after purchasing an additional 853 shares during the period. Bryn Mawr Capital Management LLC acquired a new stake in Kimco Realty in the fourth quarter worth $178,000. CIBC Asset Management Inc raised its holdings in Kimco Realty by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 103,273 shares of the real estate investment trust’s stock worth $2,420,000 after purchasing an additional 4,637 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in Kimco Realty by 10.1% in the fourth quarter. Sanctuary Advisors LLC now owns 40,288 shares of the real estate investment trust’s stock worth $914,000 after purchasing an additional 3,684 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Kimco Realty from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report 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 on the stock in a report on Tuesday, December 24th. Robert W. Baird increased their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. UBS Group increased their target price on shares of Kimco Realty from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Mizuho increased their price objective on shares of Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Kimco Realty currently has a consensus rating of “Moderate Buy” and an average price target of $24.83.

Kimco Realty Stock Up 1.2 %

Kimco Realty stock opened at $21.79 on Tuesday. The company has a market cap of $14.69 billion, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 2.78 and a beta of 1.50. Kimco Realty Corp has a 1-year low of $17.57 and a 1-year high of $25.83. The company has a fifty day simple moving average of $22.56 and a 200 day simple moving average of $23.39. The company has a current ratio of 3.65, a quick ratio of 3.59 and a debt-to-equity ratio of 0.78.

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, meeting analysts’ consensus estimates of $0.42. Kimco Realty had a net margin of 20.17% and a return on equity of 3.82%. Research analysts anticipate that Kimco Realty Corp will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Friday, March 7th. Kimco Realty’s dividend payout ratio (DPR) is currently 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.