Mackenzie Financial Corp Has $1.44 Million Stock Position in Kimco Realty Corp (NYSE:KIM)

Mackenzie Financial Corp grew its stake in Kimco Realty Corp (NYSE:KIM) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 67,482 shares of the real estate investment trust’s stock after buying an additional 3,307 shares during the period. Mackenzie Financial Corp’s holdings in Kimco Realty were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Kimco Realty during the third quarter worth about $27,000. Larson Financial Group LLC acquired a new stake in shares of Kimco Realty during the 3rd quarter worth approximately $42,000. Allworth Financial LP grew its holdings in shares of Kimco Realty by 46.6% during the 3rd quarter. Allworth Financial LP now owns 2,600 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 827 shares in the last quarter. Signaturefd LLC raised its stake in shares of Kimco Realty by 67.8% in the third quarter. Signaturefd LLC now owns 2,588 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Systematic Alpha Investments LLC bought a new position in Kimco Realty in the third quarter worth $47,000. Institutional investors own 89.25% of the company’s stock.

Insider Buying and Selling at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction that occurred 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 owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Trading Down 0.5 %

KIM opened at $18.53 on Thursday. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $12.49 billion, a PE ratio of 18.17, a PEG ratio of 4.19 and a beta of 1.45. Kimco Realty Corp has a 1-year low of $16.34 and a 1-year high of $22.83. The firm has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $19.37.

Kimco Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.18%. The ex-dividend date was Wednesday, March 6th. Kimco Realty’s payout ratio is presently 94.12%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KIM. Robert W. Baird lowered their price target on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. Citigroup reissued a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. 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 on the stock. Mizuho decreased 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, 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 report on Friday, April 5th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.