Bleakley Financial Group LLC Sells 3,981 Shares of Kimco Realty Corp (NYSE:KIM)

Bleakley Financial Group LLC lessened its holdings in Kimco Realty Corp (NYSE:KIM) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,677 shares of the real estate investment trust’s stock after selling 3,981 shares during the period. Bleakley Financial Group LLC’s holdings in Kimco Realty were worth $632,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Advisor Partners II LLC boosted its stake in Kimco Realty by 1.9% during the fourth quarter. Advisor Partners II LLC now owns 26,152 shares of the real estate investment trust’s stock worth $554,000 after buying an additional 495 shares during the period. Ethic Inc. raised its position in Kimco Realty by 10.0% in the 1st quarter. Ethic Inc. now owns 8,955 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 817 shares during the period. Allworth Financial LP boosted its position in shares of Kimco Realty by 46.6% during the third quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 827 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Kimco Realty by 0.6% during the 1st quarter. Public Sector Pension Investment Board now owns 143,845 shares of the real estate investment trust’s stock worth $2,809,000 after acquiring an additional 860 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Kimco Realty by 4.4% in the 3rd quarter. Inspire Investing LLC now owns 20,767 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 868 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KIM. Deutsche Bank Aktiengesellschaft started coverage on shares of Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price target on the stock. Bank of America reiterated a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Piper Sandler raised their price objective on Kimco Realty from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. Robert W. Baird lowered their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Finally, Citigroup restated a “neutral” rating and set a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.67.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the sale, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Kimco Realty Trading Up 0.9 %

Shares of NYSE:KIM opened at $18.10 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05. The firm has a market capitalization of $12.20 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.04 and a beta of 1.45. The business’s 50-day moving average is $19.36 and its 200 day moving average is $19.30. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83.

Kimco Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.30%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s dividend payout ratio is presently 94.12%.

Kimco Realty Company Profile

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.