Kimco Realty Corp (NYSE:KIM) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its position in shares of Kimco Realty Corp (NYSE:KIM) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,067 shares of the real estate investment trust’s stock after acquiring an additional 12,815 shares during the quarter. IFM Investors Pty Ltd’s holdings in Kimco Realty were worth $2,453,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in 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 worth $4,406,000 after purchasing an additional 91,161 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised 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 acquiring an additional 10,917 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Kimco Realty during the 4th quarter valued at $8,217,000. Robeco Institutional Asset Management B.V. boosted its position in Kimco Realty by 6.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock worth $15,375,000 after purchasing an additional 55,450 shares during the period. Finally, Vision Capital Corp acquired a new stake in Kimco Realty in the 3rd quarter valued at $9,674,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Kimco Realty Stock Down 0.2 %

NYSE KIM traded down $0.04 during trading hours on Friday, reaching $18.38. 2,312,018 shares of the company traded hands, compared to its average volume of 4,619,416. The company has a 50 day moving average of $18.99 and a two-hundred day moving average of $19.38. The stock has a market capitalization of $12.39 billion, a PE ratio of 18.01, a PEG ratio of 4.16 and a beta of 1.45. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s dividend payout ratio is currently 94.12%.

Insider Buying and Selling at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction that occurred 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 completion of the transaction, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KIM has been the topic of a number of recent research reports. Citigroup restated a “neutral” rating and set a $20.00 price objective (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Robert W. Baird reduced their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Mizuho decreased their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective on the stock. Finally, Bank of America restated a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.