Kimco Realty Corp (NYSE:KIM) Stock Holdings Boosted by HighTower Advisors LLC

HighTower Advisors LLC raised its position in shares of Kimco Realty Corp (NYSE:KIM – Get Rating) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,819 shares of the real estate investment trust’s stock after purchasing an additional 1,600 shares during the quarter. HighTower Advisors LLC’s holdings in Kimco Realty were worth $3,825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ronald Blue Trust Inc. lifted its position in shares of Kimco Realty by 58.5% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,812 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 669 shares during the last quarter. US Asset Management LLC acquired a new stake in shares of Kimco Realty during the 4th quarter valued at $35,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Kimco Realty during the 4th quarter valued at $44,000. Signaturefd LLC lifted its position in shares of Kimco Realty by 95.4% during the 4th quarter. Signaturefd LLC now owns 2,456 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,199 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Kimco Realty during the 4th quarter valued at $69,000. Institutional investors and hedge funds own 92.33% of the company’s stock.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 9,630 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $20.70, for a total transaction of $199,341.00. Following the transaction, the director now directly owns 212,424 shares in the company, valued at $4,397,176.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 0.3 %

NYSE KIM opened at $18.32 on Friday. Kimco Realty Corp has a 1-year low of $17.34 and a 1-year high of $23.89. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $11.36 billion, a PE ratio of 76.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.44. The firm’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $20.52.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, June 8th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimco Realty’s payout ratio is 383.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Kimco Realty in a research report on Tuesday, March 21st. They set a “buy” rating and a $25.00 price objective for the company. StockNews.com began coverage on Kimco Realty in a report on Thursday. They issued a “hold” rating for the company. Barclays reduced their target price on Kimco Realty from $26.00 to $24.00 in a report on Wednesday, April 26th. Mizuho reduced their target price on Kimco Realty from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 1st. Finally, Compass Point reduced their target price on Kimco Realty from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, March 27th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.92.

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.