PGGM Investments Invests $46.32 Million in Kimco Realty Corp (NYSE:KIM)

PGGM Investments purchased a new stake in Kimco Realty Corp (NYSE:KIM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,173,757 shares of the real estate investment trust's stock, valued at approximately $46,323,000. PGGM Investments owned about 0.35% of Kimco Realty as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Kimco Realty in the 4th quarter valued at $27,000. Headlands Technologies LLC bought a new stake in shares of Kimco Realty in the 4th quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth about $27,000. Criterion Capital Advisors LLC bought a new stake in shares of Kimco Realty in the 4th quarter worth about $33,000. Finally, Larson Financial Group LLC bought a new stake in shares of Kimco Realty in the 3rd quarter worth about $42,000. 89.25% of the stock is currently owned by institutional investors.

Insider Transactions at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 203,534 shares of the company's stock, valued at approximately $3,952,630.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company's stock.

Kimco Realty Trading Down 0.2 %

Kimco Realty stock traded down $0.04 during trading hours on Friday, hitting $18.38. The company had a trading volume of 2,312,018 shares, compared to its average volume of 4,619,416. The firm has a market cap of $12.39 billion, a P/E ratio of 18.02, a P/E/G ratio of 4.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.79, a quick ratio of 5.05 and a current ratio of 5.05. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The company has a 50-day moving average price of $18.99 and a two-hundred day moving average price of $19.39.

Kimco Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given 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 5.22%. Kimco Realty's payout ratio is presently 94.12%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KIM. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They issued a "hold" rating and a $23.00 target price on the stock. Robert W. Baird reduced their target price on shares of Kimco Realty from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Thursday, April 4th. Citigroup reiterated a "neutral" rating and set a $20.00 price target (down from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Bank of America reiterated a "neutral" rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Finally, Mizuho cut their price target on shares of Kimco Realty from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $21.48.

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.