Simplicity Solutions LLC Decreases Position in Kimco Realty Corp (NYSE:KIM)

Simplicity Solutions LLC trimmed its position in shares of Kimco Realty Corp (NYSE:KIM) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,677 shares of the real estate investment trust’s stock after selling 3,981 shares during the quarter. Simplicity Solutions LLC’s holdings in Kimco Realty were worth $632,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in Kimco Realty by 78.9% during the fourth quarter. SG Americas Securities LLC now owns 206,745 shares of the real estate investment trust’s stock worth $4,406,000 after purchasing an additional 91,161 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired 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 in the 3rd quarter worth about $385,000. Robeco Institutional Asset Management B.V. boosted its stake in Kimco Realty by 6.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,061 shares of the real estate investment trust’s stock worth $15,375,000 after buying an additional 55,450 shares during the last quarter. Finally, Vision Capital Corp acquired a new stake in Kimco Realty in the 3rd quarter worth about $9,674,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the transaction, the director now owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. 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. Bank of America restated a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective on the stock. Mizuho cut their price objective on Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, Robert W. Baird cut their price objective on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Seven 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, Kimco Realty currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Kimco Realty Price Performance

Shares of KIM opened at $17.60 on Thursday. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 3.97 and a beta of 1.45. The stock has a 50 day moving average of $19.19 and a 200-day moving average of $19.32. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83.

Kimco Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $0.24 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.96 annualized dividend and a dividend yield of 5.45%. Kimco Realty’s payout ratio is 94.12%.

Kimco Realty 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.