International Assets Investment Management LLC Acquires New Position in Kimco Realty Corp (NYSE:KIM)

International Assets Investment Management LLC acquired a new stake in shares of Kimco Realty Corp (NYSE:KIM) during the 4th quarter, Holdings Channel reports. The fund acquired 100,552 shares of the real estate investment trust’s stock, valued at approximately $2,143,000.

Several other institutional investors and hedge funds have also modified their holdings of KIM. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Kimco Realty by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 82,511 shares of the real estate investment trust’s stock valued at $2,038,000 after buying an additional 5,138 shares during the period. APG Asset Management N.V. purchased a new position in shares of Kimco Realty during the first quarter valued at approximately $557,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Kimco Realty during the first quarter valued at approximately $2,351,000. National Pension Service purchased a new position in shares of Kimco Realty during the first quarter valued at approximately $22,589,000. Finally, Vanguard Group Inc. raised its stake in Kimco Realty by 3.2% during the first quarter. Vanguard Group Inc. now owns 100,537,581 shares of the real estate investment trust’s stock worth $2,483,278,000 after purchasing an additional 3,081,151 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Analyst Upgrades and Downgrades

KIM has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Robert W. Baird cut 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. Citigroup reaffirmed 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price target on the stock. Finally, Bank of America reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of Kimco Realty in a research note on Friday, April 5th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.67.

Insider Activity at Kimco Realty

In related news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total transaction of $172,643.80. Following the completion of the sale, the director now directly owns 203,534 shares of the company’s stock, valued at approximately $3,952,630.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Kimco Realty Stock Performance

Shares of KIM stock opened at $18.20 on Friday. The company’s fifty day simple moving average is $19.10 and its 200-day simple moving average is $19.32. The company has a market cap of $12.27 billion, a PE ratio of 17.84, a P/E/G ratio of 3.97 and a beta of 1.45. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s payout ratio is 94.12%.

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.