New York State Common Retirement Fund decreased its holdings in Kimco Realty Corp (NYSE:KIM - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 437,254 shares of the real estate investment trust's stock after selling 48,427 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Kimco Realty worth $9,318,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Kimco Realty by 78.9% during the 4th quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust's stock valued at $4,406,000 after buying an additional 91,161 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Kimco Realty by 7.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 161,654 shares of the real estate investment trust's stock valued at $3,445,000 after purchasing an additional 10,917 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Kimco Realty in the 4th quarter valued at $8,217,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Kimco Realty by 6.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust's stock valued at $15,375,000 after purchasing an additional 55,450 shares during the last quarter. Finally, Vision Capital Corp acquired a new stake in shares of Kimco Realty in the 3rd quarter valued at $9,674,000. Institutional investors and hedge funds own 89.25% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on KIM shares. Mizuho dropped their target price 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. Bank of America restated a "neutral" rating and set a $20.00 price objective (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They set a "hold" rating and a $23.00 price objective on the stock. Citigroup restated a "neutral" rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Finally, Robert W. Baird dropped their price objective 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. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $21.48.
Check Out Our Latest Analysis on KIM
Insider Transactions at Kimco Realty
In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the firm's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following 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 document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.
Kimco Realty Stock Performance
Shares of NYSE KIM traded up $0.46 during trading hours on Thursday, reaching $18.96. 5,768,378 shares of the stock were exchanged, compared to its average volume of 5,494,170. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 4.20 and a beta of 1.46. 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 52 week low of $16.34 and a 52 week high of $22.83. The stock's fifty day simple moving average is $18.93 and its 200 day simple moving average is $19.42.
Kimco Realty Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.06%. Kimco Realty's dividend payout ratio (DPR) is currently 94.12%.
Kimco Realty Profile
(
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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