Duality Advisers LP trimmed its stake in shares of Kimco Realty Corp (NYSE:KIM - Free Report) by 74.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,489 shares of the real estate investment trust's stock after selling 88,772 shares during the period. Duality Advisers LP's holdings in Kimco Realty were worth $650,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of KIM. JPMorgan Chase & Co. raised its position in shares of Kimco Realty by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust's stock valued at $547,401,000 after buying an additional 5,894,446 shares during the last quarter. Invesco Ltd. increased its position in Kimco Realty by 31.2% during the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust's stock worth $324,847,000 after purchasing an additional 4,393,084 shares during the last quarter. FMR LLC increased its position in Kimco Realty by 17.5% during the third quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust's stock worth $243,846,000 after purchasing an additional 2,061,517 shares during the last quarter. Lasalle Investment Management Securities LLC acquired a new stake in Kimco Realty during the third quarter worth about $28,849,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Kimco Realty by 75.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,553,892 shares of the real estate investment trust's stock worth $62,513,000 after purchasing an additional 1,526,324 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Kimco Realty
In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the sale, the director now directly owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.
Kimco Realty Stock Performance
KIM traded down $0.11 during trading on Thursday, hitting $18.42. The stock had a trading volume of 3,922,833 shares, compared to its average volume of 5,551,125. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05. The firm has a market capitalization of $12.42 billion, a P/E ratio of 18.06, a PEG ratio of 4.20 and a beta of 1.45. The company's 50-day moving average price is $19.02 and its 200 day moving average price is $19.37. Kimco Realty Corp has a twelve month low of $16.34 and a twelve month high of $22.83.
Kimco Realty Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $0.24 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 annualized dividend and a yield of 5.21%. Kimco Realty's dividend payout ratio is currently 94.12%.
Analyst Ratings Changes
Several research firms recently issued reports on KIM. Bank of America restated a "neutral" rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird dropped their price target on shares of Kimco Realty from $23.00 to $21.00 and set an "outperform" rating for the company in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They set a "hold" rating and a $23.00 price target for the company. Citigroup reiterated a "neutral" rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Mizuho dropped their price target on shares of Kimco Realty from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $21.67.
Check Out Our Latest Stock Report on Kimco Realty
Kimco Realty Profile
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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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