Kimco Realty Corp (NYSE:KIM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in Kimco Realty Corp (NYSE:KIM) by 7.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,574 shares of the real estate investment trust’s stock after selling 13,142 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Kimco Realty were worth $3,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KIM. SG Americas Securities LLC lifted its holdings in shares of Kimco Realty by 78.9% in the fourth quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock valued at $4,406,000 after purchasing an additional 91,161 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in Kimco Realty in the 4th quarter worth about $8,217,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Kimco Realty during the 3rd quarter worth about $385,000. Robeco Institutional Asset Management B.V. grew its stake in Kimco Realty by 6.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock valued at $15,375,000 after acquiring an additional 55,450 shares in the last quarter. Finally, Vision Capital Corp acquired a new position in shares of Kimco Realty in the 3rd quarter valued at about $9,674,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the transaction, the director now owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on KIM shares. Bank of America reaffirmed a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Robert W. Baird dropped their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, April 4th. Piper Sandler lifted their price objective on Kimco Realty from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price on the stock. Finally, Mizuho lowered their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.67.

Kimco Realty Price Performance

NYSE:KIM opened at $17.60 on Thursday. Kimco Realty Corp has a 12 month low of $16.34 and a 12 month high of $22.83. The firm has a market cap of $11.86 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 4.07 and a beta of 1.45. The company has a quick ratio of 5.05, a current ratio of 5.05 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $19.19 and its two-hundred day moving average price is $19.32.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s dividend payout ratio (DPR) is currently 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.