Signaturefd LLC Raises Stake in Kimco Realty Corp (NYSE:KIM)

Signaturefd LLC boosted its position in Kimco Realty Corp (NYSE:KIM) by 155.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,610 shares of the real estate investment trust’s stock after buying an additional 4,022 shares during the quarter. Signaturefd LLC’s holdings in Kimco Realty were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of 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 valued at $4,406,000 after purchasing an additional 91,161 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Kimco Realty during the fourth quarter valued at approximately $8,217,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Kimco Realty by 6.8% during the third 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 purchasing an additional 55,450 shares during the period. Vision Capital Corp purchased a new stake in shares of Kimco Realty during the third quarter valued at approximately $9,674,000. Finally, FMR LLC boosted its stake in shares of 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 valued at $243,846,000 after purchasing an additional 2,061,517 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

KIM opened at $18.38 on Monday. The stock has a fifty day simple moving average of $18.99 and a two-hundred day simple moving average of $19.41. 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 company has a market cap of $12.39 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 4.15 and a beta of 1.45. Kimco Realty Corp has a 12-month low of $16.34 and a 12-month high of $22.83.

Kimco Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.96 dividend on an annualized basis and a yield of 5.22%. Kimco Realty’s dividend payout ratio (DPR) is 94.12%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Mizuho dropped their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on Kimco Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $23.00 price objective for the company. Citigroup restated a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Robert W. Baird decreased their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Finally, Bank of America restated a “neutral” rating and set a $20.00 target price (down previously 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 assigned a buy rating to the company. Based on data from MarketBeat, Kimco Realty has a consensus rating of “Hold” and an average price target of $21.48.

Insiders Place Their Bets

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of the 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 transaction, the director now owns 203,534 shares in the company, valued at $3,952,630.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

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.