Swiss National Bank Boosts Stock Position in Kimco Realty Corp (NYSE:KIM)

Swiss National Bank grew its position in Kimco Realty Corp (NYSE:KIM - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,100,433 shares of the real estate investment trust's stock after purchasing an additional 106,567 shares during the quarter. Swiss National Bank owned about 0.34% of Kimco Realty worth $44,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York Life Investment Management LLC increased its position in shares of Kimco Realty by 5.9% in the fourth quarter. New York Life Investment Management LLC now owns 167,489 shares of the real estate investment trust's stock worth $3,569,000 after purchasing an additional 9,311 shares during the period. Victory Capital Management Inc. increased its holdings in Kimco Realty by 19.5% in the 4th quarter. Victory Capital Management Inc. now owns 127,779 shares of the real estate investment trust's stock valued at $2,723,000 after buying an additional 20,828 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of Kimco Realty by 2.9% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 342,244 shares of the real estate investment trust's stock valued at $7,293,000 after buying an additional 9,500 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Kimco Realty by 14.8% during the 4th quarter. Van ECK Associates Corp now owns 250,968 shares of the real estate investment trust's stock worth $5,348,000 after acquiring an additional 32,323 shares during the period. Finally, Naviter Wealth LLC boosted its position in shares of Kimco Realty by 5.2% during the 4th quarter. Naviter Wealth LLC now owns 39,302 shares of the real estate investment trust's stock worth $838,000 after acquiring an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 89.25% of the company's stock.

Insiders Place Their Bets

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 sale, the director now directly owns 203,534 shares of the company's stock, valued at approximately $3,952,630.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on KIM. Bank of America restated a "neutral" rating and set a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Mizuho lowered their target price on Kimco Realty from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, February 23rd. Robert W. Baird reduced their price target on shares of 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 began coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They issued a "hold" rating and a $23.00 price objective for the company. Finally, 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.48.

Kimco Realty Trading Down 0.1 %

Shares of NYSE KIM traded down $0.03 during trading on Tuesday, reaching $18.99. The company had a trading volume of 4,419,771 shares, compared to its average volume of 5,474,052. The stock has a market cap of $12.80 billion, a P/E ratio of 35.82, a PEG ratio of 4.33 and a beta of 1.46. The company's fifty day moving average price is $18.89 and its 200-day moving average price is $19.49. The company has a quick ratio of 5.05, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Thursday, June 6th. Kimco Realty's dividend payout ratio is presently 181.14%.

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.