Russell Investments Group Ltd. Buys 123,687 Shares of Kimco Realty Corp (NYSE:KIM)

Russell Investments Group Ltd. increased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,190,198 shares of the real estate investment trust's stock after purchasing an additional 123,687 shares during the period. Russell Investments Group Ltd. owned 0.51% of Kimco Realty worth $68,184,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kimco Realty by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 101,457,899 shares of the real estate investment trust's stock valued at $1,784,644,000 after buying an additional 344,562 shares during the period. JPMorgan Chase & Co. increased its position in Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust's stock worth $547,401,000 after purchasing an additional 5,894,446 shares during the last quarter. Invesco Ltd. raised its stake 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 period. FMR LLC boosted its holdings in shares of Kimco Realty by 17.5% in the 3rd quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust's stock valued at $243,846,000 after purchasing an additional 2,061,517 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Kimco Realty by 1.6% during the 3rd quarter. Northern Trust Corp now owns 8,563,903 shares of the real estate investment trust's stock valued at $150,639,000 after buying an additional 136,811 shares during the period. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Frank Lourenso sold 8,890 shares of Kimco Realty 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 completion of the sale, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company's stock.

Kimco Realty Stock Up 2.4 %

Shares of NYSE KIM traded up $0.44 during midday trading on Monday, reaching $18.82. 5,000,935 shares of the company's stock were exchanged, compared to its average volume of 5,504,914. The stock has a market capitalization of $12.68 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 4.15 and a beta of 1.45. Kimco Realty Corp has a 52-week low of $16.34 and a 52-week high of $22.83. 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 business's fifty day moving average price is $18.97 and its two-hundred day moving average price is $19.42.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty's payout ratio is 94.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Kimco Realty in a research report on Tuesday, January 30th. They set a "hold" rating and a $23.00 price target for the company. Robert W. Baird dropped their target price 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. Mizuho reduced 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 report on Friday, February 23rd. Bank of America reiterated a "neutral" rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Finally, Citigroup reissued a "neutral" rating and issued a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.48.

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.