New York State Common Retirement Fund Sells 38,305 Shares of Kimco Realty Corp (NYSE:KIM)

New York State Common Retirement Fund reduced its position in Kimco Realty Corp (NYSE:KIM) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 606,553 shares of the real estate investment trust’s stock after selling 38,305 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of Kimco Realty worth $11,846,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC boosted its stake in shares of Kimco Realty by 218.6% in the 1st quarter. Advisory Services Network LLC now owns 8,170 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 5,606 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Kimco Realty by 555.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 23,876 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 20,231 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in shares of Kimco Realty by 1.2% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 359,818 shares of the real estate investment trust’s stock valued at $7,027,000 after purchasing an additional 4,105 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Kimco Realty by 9.4% in the 1st quarter. Sunbelt Securities Inc. now owns 11,940 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Chilton Capital Management LLC bought a new stake in shares of Kimco Realty in the 1st quarter valued at $112,000. 90.42% of the stock is owned by institutional investors.

Kimco Realty Stock Down 1.0 %

KIM stock opened at $18.57 on Thursday. Kimco Realty Corp has a 1-year low of $17.34 and a 1-year high of $23.27. The stock has a market cap of $11.51 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.62 and a beta of 1.46. The stock’s fifty day simple moving average is $19.69 and its two-hundred day simple moving average is $19.21. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.73.

Kimco Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, September 7th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.92 dividend on an annualized basis and a yield of 4.95%. Kimco Realty’s dividend payout ratio (DPR) is presently 150.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Kimco Realty from $23.75 to $23.25 and set a “buy” rating on the stock in a research report on Thursday, August 31st. Mizuho reissued a “neutral” rating and issued a $21.00 price objective on shares of Kimco Realty in a research note on Tuesday, August 29th. Compass Point raised Kimco Realty from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, August 28th. Wells Fargo & Company began coverage on shares of Kimco Realty in a research report on Tuesday, May 23rd. They issued an “underweight” rating and a $19.00 price target for the company. Finally, StockNews.com initiated coverage on shares of Kimco Realty in a report on Thursday, August 17th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.25.

About Kimco Realty

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.