New York State Common Retirement Fund Acquires 21,167 Shares of Kimco Realty Corp (NYSE:KIM)

New York State Common Retirement Fund raised its holdings in Kimco Realty Corp (NYSE:KIM – Get Rating) by 2.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 765,635 shares of the real estate investment trust’s stock after acquiring an additional 21,167 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Kimco Realty worth $18,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Xponance Inc. grew its position in Kimco Realty by 5.5% in the 1st quarter. Xponance Inc. now owns 42,455 shares of the real estate investment trust’s stock valued at $1,049,000 after acquiring an additional 2,222 shares during the last quarter. Values First Advisors Inc. bought a new position in Kimco Realty in the 4th quarter valued at $523,000. State Street Corp grew its position in Kimco Realty by 8.4% in the 4th quarter. State Street Corp now owns 37,094,167 shares of the real estate investment trust’s stock valued at $914,371,000 after acquiring an additional 2,882,534 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in Kimco Realty by 1.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 58,598 shares of the real estate investment trust’s stock valued at $1,444,000 after acquiring an additional 831 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Kimco Realty by 1.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 113,464 shares of the real estate investment trust’s stock valued at $2,796,000 after acquiring an additional 1,496 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Kimco Realty Trading Down 0.4 %

Kimco Realty stock opened at $21.34 on Friday. The stock has a 50-day moving average of $20.85 and a two-hundred day moving average of $22.96. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.68 and a current ratio of 2.68. Kimco Realty Corp has a one year low of $18.52 and a one year high of $26.57. The stock has a market cap of $13.20 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.39.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a $0.22 dividend. The ex-dividend date is Thursday, September 8th. This is a boost from Kimco Realty’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 4.12%. Kimco Realty’s dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KIM shares. Mizuho lowered their target price on Kimco Realty from $27.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, July 21st. Morgan Stanley lowered their target price on Kimco Realty from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, July 15th. Credit Suisse Group started coverage on Kimco Realty in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $22.00 target price for the company. Barclays lowered their target price on Kimco Realty from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Finally, Piper Sandler lowered their target price on Kimco Realty to $25.00 in a report on Monday, July 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.56.

Kimco Realty Profile

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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.