Kimco Realty Corp (NYSE:KIM) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in Kimco Realty Corp (NYSE:KIM) by 51.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,977 shares of the real estate investment trust’s stock after selling 4,190 shares during the quarter. Federated Hermes Inc.’s holdings in Kimco Realty were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Kimco Realty in the 4th quarter valued at approximately $27,000. Tyche Wealth Partners LLC purchased a new stake in shares of Kimco Realty during the fourth quarter worth approximately $246,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Kimco Realty by 7.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,413 shares of the real estate investment trust’s stock worth $9,364,000 after acquiring an additional 30,397 shares during the last quarter. Imprint Wealth LLC grew its holdings in Kimco Realty by 4.0% during the 4th quarter. Imprint Wealth LLC now owns 30,189 shares of the real estate investment trust’s stock worth $643,000 after acquiring an additional 1,148 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Kimco Realty by 5.2% in the 4th quarter. Mackenzie Financial Corp now owns 67,482 shares of the real estate investment trust’s stock valued at $1,438,000 after purchasing an additional 3,307 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.5 %

NYSE KIM opened at $19.01 on Tuesday. Kimco Realty Corp has a one year low of $16.34 and a one year high of $22.83. The firm has a market cap of $12.82 billion, a PE ratio of 35.87, a P/E/G ratio of 4.33 and a beta of 1.46. The firm’s fifty day moving average is $18.90 and its two-hundred day moving average is $19.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.05 and a current ratio of 1.86.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.05%. The ex-dividend date is Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Mizuho lowered 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 note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft began coverage on Kimco Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $23.00 price objective on the stock. Citigroup restated a “neutral” rating and set a $20.00 target price (down previously from $26.00) on shares of Kimco Realty in a research note on Friday, March 22nd. Robert W. Baird cut their price objective 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. Finally, Bank of America restated a “neutral” rating and set a $20.00 price objective (down previously from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Kimco Realty currently has an average rating of “Hold” and an average price target of $21.48.

Insider Buying and Selling at Kimco Realty

In other Kimco Realty news, Director Frank Lourenso sold 8,890 shares of Kimco Realty stock in a transaction that occurred 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 transaction, the director now directly owns 203,534 shares in the company, valued at approximately $3,952,630.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

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.