Mirae Asset Global Investments Co. Ltd. Sells 931 Shares of Kimco Realty Corp (NYSE:KIM)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Kimco Realty Corp (NYSE:KIM – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,096 shares of the real estate investment trust’s stock after selling 931 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Kimco Realty were worth $2,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Kimco Realty by 0.8% during the third quarter. Vanguard Group Inc. now owns 101,285,767 shares of the real estate investment trust’s stock worth $1,864,671,000 after buying an additional 834,436 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Kimco Realty by 2.6% in the 3rd quarter. BlackRock Inc. now owns 60,055,372 shares of the real estate investment trust’s stock worth $1,105,621,000 after purchasing an additional 1,497,877 shares in the last quarter. State Street Corp boosted its holdings in shares of Kimco Realty by 19.2% in the 1st quarter. State Street Corp now owns 44,220,642 shares of the real estate investment trust’s stock worth $1,092,250,000 after purchasing an additional 7,126,475 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Kimco Realty by 2.8% in the 3rd quarter. Cohen & Steers Inc. now owns 39,900,736 shares of the real estate investment trust’s stock worth $734,457,000 after purchasing an additional 1,073,573 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Kimco Realty by 5.5% in the 1st quarter. Northern Trust Corp now owns 9,215,068 shares of the real estate investment trust’s stock worth $227,612,000 after purchasing an additional 482,054 shares in the last quarter. 92.33% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $20.70, for a total transaction of $199,341.00. Following the completion of the transaction, the director now owns 212,424 shares of the company’s stock, valued at approximately $4,397,176.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.

Kimco Realty Stock Down 0.8 %

Shares of NYSE:KIM opened at $17.89 on Friday. Kimco Realty Corp has a 52-week low of $17.34 and a 52-week high of $23.89. The firm has a market capitalization of $11.09 billion, a P/E ratio of 74.54, a P/E/G ratio of 2.07 and a beta of 1.44. The stock has a 50 day moving average price of $18.63 and a 200-day moving average price of $20.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.11 and a current ratio of 3.11.

Kimco Realty Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KIM shares. Wells Fargo & Company started coverage on Kimco Realty in a report on Tuesday. They issued an “underweight” rating and a $19.00 price objective for the company. The Goldman Sachs Group assumed coverage on Kimco Realty in a report on Tuesday, March 21st. They set a “buy” rating and a $25.00 target price for the company. Argus dropped their target price on Kimco Realty from $27.00 to $22.00 in a report on Monday. Truist Financial dropped their target price on Kimco Realty from $24.00 to $22.00 in a report on Monday, May 15th. Finally, Barclays dropped their target price on Kimco Realty from $26.00 to $24.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.40.

About Kimco Realty

(Get Rating)

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.