Kimco Realty (NYSE:KIM) Given New $18.00 Price Target at Mizuho

Kimco Realty (NYSE:KIM – Get Rating) had its price target decreased by Mizuho from $21.00 to $18.00 in a report issued on Thursday, The Fly reports.

Several other equities research analysts also recently commented on KIM. Truist Financial cut their target price on shares of Kimco Realty from $24.00 to $22.00 in a research report on Monday, May 15th. StockNews.com started coverage on shares of Kimco Realty in a research note on Thursday, May 18th. They set a hold rating for the company. Compass Point decreased their price target on shares of Kimco Realty from $21.00 to $20.00 and set a neutral rating for the company in a research note on Monday, March 27th. Argus decreased their price target on shares of Kimco Realty from $27.00 to $22.00 in a research note on Monday. Finally, The Goldman Sachs Group started coverage on shares of Kimco Realty in a research note on Tuesday, March 21st. They set a buy rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimco Realty has an average rating of Hold and an average price target of $22.40.

Kimco Realty Stock Down 0.8 %

NYSE:KIM opened at $17.89 on Thursday. The firm’s 50 day simple moving average is $18.63 and its 200 day simple moving average is $20.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.11 and a quick ratio of 3.11. Kimco Realty has a one year low of $17.34 and a one year high of $23.89. The company has a market cap of $11.09 billion, a PE ratio of 74.54, a P/E/G ratio of 2.11 and a beta of 1.44.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimco Realty’s dividend payout ratio is currently 383.35%.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 9,630 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $20.70, for a total value of $199,341.00. Following the sale, the director now directly owns 212,424 shares of the company’s stock, valued at $4,397,176.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Trivant Custom Portfolio Group LLC bought a new position in shares of Kimco Realty in the first quarter worth approximately $1,882,000. Advisory Services Network LLC grew its holdings in shares of Kimco Realty by 218.6% in the first quarter. Advisory Services Network LLC now owns 8,170 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 5,606 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Kimco Realty by 555.0% in the first quarter. Rockefeller Capital Management L.P. now owns 23,876 shares of the real estate investment trust’s stock worth $466,000 after purchasing an additional 20,231 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in shares of Kimco Realty by 1.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 359,818 shares of the real estate investment trust’s stock worth $7,027,000 after purchasing an additional 4,105 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Kimco Realty by 9.4% in the first quarter. Sunbelt Securities Inc. now owns 11,940 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 1,028 shares during the last quarter. 92.33% of the stock is owned by hedge funds and other institutional investors.

Kimco Realty Company 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.