Kimco Realty Corp (NYSE:KIM) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its holdings in Kimco Realty Corp (NYSE:KIM) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,625 shares of the real estate investment trust’s stock after selling 3,801 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Kimco Realty were worth $290,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KIM. Vanguard Group Inc. raised its holdings in Kimco Realty by 0.3% during the third quarter. Vanguard Group Inc. now owns 101,457,899 shares of the real estate investment trust’s stock worth $1,784,644,000 after purchasing an additional 344,562 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Kimco Realty by 23.4% during the third quarter. JPMorgan Chase & Co. now owns 31,120,015 shares of the real estate investment trust’s stock worth $547,401,000 after purchasing an additional 5,894,446 shares during the last quarter. Invesco Ltd. raised its holdings in Kimco Realty by 31.2% during the third quarter. Invesco Ltd. now owns 18,467,735 shares of the real estate investment trust’s stock worth $324,847,000 after purchasing an additional 4,393,084 shares during the last quarter. FMR LLC raised its holdings in Kimco Realty by 17.5% during the third quarter. FMR LLC now owns 13,862,740 shares of the real estate investment trust’s stock worth $243,846,000 after purchasing an additional 2,061,517 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Kimco Realty by 1.6% during the third quarter. Northern Trust Corp now owns 8,563,903 shares of the real estate investment trust’s stock worth $150,639,000 after purchasing an additional 136,811 shares during the last quarter. 89.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.42, for a total value of $172,643.80. Following the completion of the sale, the director now owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The sale 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 Price Performance

Shares of NYSE:KIM opened at $18.60 on Tuesday. The company has a market cap of $12.54 billion, a P/E ratio of 18.24, a P/E/G ratio of 4.10 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. Kimco Realty Corp has a 52 week low of $16.34 and a 52 week high of $22.83. The business has a fifty day simple moving average of $19.08 and a 200-day simple moving average of $19.36.

Kimco Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Wednesday, March 6th. Kimco Realty’s dividend payout ratio is currently 94.12%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KIM. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective for the company. Citigroup reissued a “neutral” rating and issued a $20.00 price target (down from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Mizuho cut their price target on Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Bank of America reissued a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Kimco Realty in a report on Friday, April 5th. Finally, Robert W. Baird cut their price target on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.67.

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.