Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,837,991 shares of the real estate investment trust's stock after acquiring an additional 284,099 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.62% of Kimco Realty worth $81,788,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System bought a new stake in Kimco Realty during the fourth quarter worth about $857,000. Mutual of America Capital Management LLC grew its stake in Kimco Realty by 2.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 88,978 shares of the real estate investment trust's stock worth $1,896,000 after buying an additional 2,239 shares during the last quarter. Custom Index Systems LLC bought a new stake in Kimco Realty during the fourth quarter worth about $355,000. JLP Asset Management LLC grew its stake in Kimco Realty by 9.1% during the fourth quarter. JLP Asset Management LLC now owns 55,400 shares of the real estate investment trust's stock worth $1,181,000 after buying an additional 4,600 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Kimco Realty during the fourth quarter worth about $2,143,000. Institutional investors own 89.25% of the company's stock.
Kimco Realty Trading Up 0.8 %
NYSE KIM traded up $0.14 during trading hours on Thursday, hitting $17.74. The company's stock had a trading volume of 6,774,290 shares, compared to its average volume of 5,614,208. The stock has a fifty day moving average of $19.14 and a 200 day moving average of $19.31. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $22.83. The firm has a market capitalization of $11.96 billion, a P/E ratio of 17.39, a PEG ratio of 3.97 and a beta of 1.45. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79.
Kimco Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 5.41%. Kimco Realty's dividend payout ratio is currently 94.12%.
Analyst Upgrades and Downgrades
KIM has been the topic of several research analyst reports. Citigroup reaffirmed a "neutral" rating and set a $20.00 price objective (down from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They set a "hold" rating and a $23.00 price target on the stock. Mizuho decreased their price target on shares of Kimco Realty from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Robert W. Baird decreased their price target on shares of Kimco Realty from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Thursday, April 4th. Finally, Piper Sandler increased their price target on shares of Kimco Realty from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.67.
Check Out Our Latest Analysis on Kimco Realty
Insider Activity at Kimco Realty
In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the sale, the director now directly owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.
About Kimco Realty
(
Free Report)
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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