International Assets Investment Management LLC Purchases New Position in Kimco Realty Corp (NYSE:KIM)

International Assets Investment Management LLC purchased a new stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 100,552 shares of the real estate investment trust's stock, valued at approximately $2,143,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Kimco Realty in the 3rd quarter worth approximately $27,000. VitalStone Financial LLC purchased a new position in shares of Kimco Realty in the 1st quarter worth approximately $39,000. Larson Financial Group LLC purchased a new position in shares of Kimco Realty in the 3rd quarter worth approximately $42,000. Allworth Financial LP boosted its stake in shares of Kimco Realty by 46.6% in the 3rd quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust's stock worth $46,000 after buying an additional 827 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Kimco Realty by 67.8% in the 3rd quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,046 shares during the last quarter. Hedge funds and other institutional investors own 89.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KIM shares. Bank of America restated a "neutral" rating and issued a $20.00 target price (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Robert W. Baird dropped their price objective on Kimco Realty from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a research note on Tuesday, January 30th. They issued a "hold" rating and a $23.00 price objective on the stock. Mizuho dropped their price objective on Kimco Realty from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Finally, Citigroup reiterated a "neutral" rating and issued a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kimco Realty presently has an average rating of "Hold" and an average target price of $21.67.

Kimco Realty Price Performance

Shares of Kimco Realty stock traded up $0.46 during trading on Friday, hitting $18.20. The stock had a trading volume of 5,873,434 shares, compared to its average volume of 5,011,511. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 4.00 and a beta of 1.45. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83. The business's 50-day moving average is $19.10 and its 200 day moving average is $19.33. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79.

Kimco Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders 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 dividend yield of 5.27%. Kimco Realty's payout ratio is currently 94.12%.

Insider Transactions at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the company's 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 transaction, the director now owns 203,534 shares of the company's stock, valued at $3,952,630.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company's stock.

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.