Cigna Investments Inc. New Cuts Position in Kimco Realty Corp (NYSE:KIM)

Cigna Investments Inc. New lessened its holdings in Kimco Realty Corp (NYSE:KIM) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,894 shares of the real estate investment trust’s stock after selling 1,071 shares during the period. Cigna Investments Inc. New’s holdings in Kimco Realty were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in KIM. Pacer Advisors Inc. grew its position in shares of Kimco Realty by 8.2% in the 3rd quarter. Pacer Advisors Inc. now owns 50,549 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 3,813 shares during the last quarter. NuWave Investment Management LLC grew its position in shares of Kimco Realty by 174.1% in the 3rd quarter. NuWave Investment Management LLC now owns 2,582 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,640 shares during the last quarter. DNB Asset Management AS grew its position in shares of Kimco Realty by 5.6% in the 3rd quarter. DNB Asset Management AS now owns 47,860 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 2,530 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of Kimco Realty in the 3rd quarter worth approximately $209,000. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Kimco Realty by 9.1% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 126,626 shares of the real estate investment trust’s stock worth $2,644,000 after buying an additional 10,534 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

NYSE KIM opened at $19.26 on Friday. Kimco Realty Corp has a twelve month low of $16.88 and a twelve month high of $21.86. The firm has a market capitalization of $7.99 billion, a PE ratio of 12.88, a P/E/G ratio of 2.82 and a beta of 0.63. The stock’s 50 day moving average is $19.88 and its 200 day moving average is $20.16.

Kimco Realty (NYSE:KIM) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.14). Kimco Realty had a net margin of 35.43% and a return on equity of 7.95%. The firm had revenue of $291.80 million for the quarter, compared to the consensus estimate of $280.45 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts predict that Kimco Realty Corp will post 1.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.12 annualized dividend and a dividend yield of 5.82%. Kimco Realty’s dividend payout ratio is presently 76.19%.

A number of equities research analysts have recently weighed in on KIM shares. JPMorgan Chase & Co. lowered Kimco Realty from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $21.00 in a research report on Wednesday, December 18th. Scotiabank upgraded Kimco Realty from a “sector perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Thursday, November 21st. BMO Capital Markets reiterated a “hold” rating and issued a $20.00 price objective on shares of Kimco Realty in a research report on Sunday, February 2nd. Compass Point upgraded Kimco Realty from a “sell” rating to a “neutral” rating and set a $22.00 price objective on the stock in a research report on Monday, November 25th. Finally, ValuEngine upgraded Kimco Realty from a “strong sell” rating to a “sell” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Kimco Realty has an average rating of “Hold” and a consensus price target of $19.97.

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.

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

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