Riverhead Capital Management LLC decreased its position in shares of Kimco Realty Corp (NYSE:KIM) by 4.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 455,550 shares of the real estate investment trust’s stock after selling 21,900 shares during the quarter. Riverhead Capital Management LLC’s holdings in Kimco Realty were worth $8,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its holdings in Kimco Realty by 18.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 45,763 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 7,183 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Kimco Realty by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 635,967 shares of the real estate investment trust’s stock valued at $9,317,000 after purchasing an additional 2,793 shares during the last quarter. Creative Planning increased its holdings in Kimco Realty by 13.3% in the fourth quarter. Creative Planning now owns 24,423 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 2,859 shares during the last quarter. TD Asset Management Inc. increased its holdings in Kimco Realty by 0.7% in the fourth quarter. TD Asset Management Inc. now owns 123,323 shares of the real estate investment trust’s stock valued at $1,807,000 after purchasing an additional 884 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Kimco Realty by 11.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,609 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 1,246 shares during the last quarter. Institutional investors own 90.06% of the company’s stock.

In other Kimco Realty news, Director Richard B. Saltzman sold 5,500 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $18.39, for a total value of $101,145.00. Following the completion of the sale, the director now directly owns 81,335 shares in the company, valued at $1,495,750.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David Jamieson sold 16,435 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $18.33, for a total value of $301,253.55. Following the completion of the sale, the chief operating officer now owns 94,211 shares of the company’s stock, valued at $1,726,887.63. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

KIM has been the subject of a number of recent analyst reports. Evercore ISI downgraded Kimco Realty from an “in-line” rating to an “underperform” rating in a report on Monday, April 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded Kimco Realty from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Raymond James downgraded Kimco Realty from an “outperform” rating to a “market perform” rating and set a $18.17 price objective for the company. in a report on Tuesday, May 28th. Finally, Bank of America upgraded Kimco Realty from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $21.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.36.

Shares of Kimco Realty stock traded up $0.13 during trading hours on Wednesday, hitting $18.44. The company’s stock had a trading volume of 135,461 shares, compared to its average volume of 3,806,727. Kimco Realty Corp has a 12 month low of $14.29 and a 12 month high of $18.64. The company has a market capitalization of $7.74 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.96 and a quick ratio of 1.96.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12). Kimco Realty had a return on equity of 8.37% and a net margin of 39.40%. The business had revenue of $295.00 million during the quarter, compared to the consensus estimate of $282.49 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Kimco Realty Corp will post 1.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.12 annualized dividend and a dividend yield of 6.07%. Kimco Realty’s dividend payout ratio (DPR) is currently 77.24%.

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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.

Further Reading: What are retained earnings?

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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