Cwm LLC Purchases 1,788 Shares of Kimco Realty Corp (NYSE:KIM)

Cwm LLC boosted its position in Kimco Realty Corp (NYSE:KIM) by 20.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,388 shares of the real estate investment trust’s stock after acquiring an additional 1,788 shares during the period. Cwm LLC’s holdings in Kimco Realty were worth $221,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KIM. Robeco Institutional Asset Management B.V. grew its holdings 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 acquiring an additional 55,450 shares during the last quarter. Xponance Inc. grew its holdings in Kimco Realty by 9.3% in the 3rd quarter. Xponance Inc. now owns 92,300 shares of the real estate investment trust’s stock worth $1,624,000 after acquiring an additional 7,855 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Kimco Realty by 6.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,426 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 1,021 shares during the last quarter. Forsta AP Fonden grew its holdings in Kimco Realty by 5.7% in the 3rd quarter. Forsta AP Fonden now owns 158,800 shares of the real estate investment trust’s stock worth $2,793,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in Kimco Realty by 1.6% in the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 66,782 shares of the real estate investment trust’s stock worth $1,175,000 after acquiring an additional 1,021 shares during the last quarter. Institutional investors own 89.25% of the company’s stock.

Insiders Place Their Bets

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction dated Tuesday, February 13th. The shares were 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 directly owns 203,534 shares of the company’s stock, valued at $3,952,630.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Kimco Realty Trading Up 0.8 %

Shares of NYSE KIM opened at $19.11 on Friday. Kimco Realty Corp has a 1 year low of $16.34 and a 1 year high of $22.83. The stock has a market cap of $12.88 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 4.17 and a beta of 1.46. The firm has a 50-day moving average of $18.90 and a 200 day moving average of $19.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.05 and a quick ratio of 5.05.

Kimco Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.96 annualized dividend and a yield of 5.02%. Kimco Realty’s dividend payout ratio (DPR) is presently 94.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KIM shares. Citigroup reissued a “neutral” rating and issued a $20.00 price target (down previously from $26.00) on shares of Kimco Realty in a report on Friday, March 22nd. Bank of America reaffirmed a “neutral” rating and issued a $20.00 target price (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Kimco Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 target price for the company. Robert W. Baird dropped their target price on shares of Kimco Realty from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Finally, Mizuho dropped their target price on shares of Kimco Realty from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.48.

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.