Amalgamated Bank Has $3.91 Million Stock Holdings in Kimco Realty Corp (NYSE:KIM)

Amalgamated Bank lowered its stake in Kimco Realty Corp (NYSE:KIM) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,341 shares of the real estate investment trust’s stock after selling 10,111 shares during the quarter. Amalgamated Bank’s holdings in Kimco Realty were worth $3,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KIM. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Kimco Realty during the 4th quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in Kimco Realty during the fourth quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Kimco Realty in the third quarter valued at $27,000. Criterion Capital Advisors LLC bought a new position in shares of Kimco Realty in the 4th quarter valued at about $33,000. Finally, Larson Financial Group LLC bought a new position in shares of Kimco Realty in the 3rd quarter valued at about $42,000. Institutional investors own 89.25% of the company’s stock.

Kimco Realty Trading Down 0.4 %

Shares of KIM stock opened at $18.92 on Thursday. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $22.83. The stock’s fifty day moving average price is $18.87 and its two-hundred day moving average price is $19.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 5.05 and a current ratio of 1.86. The company has a market cap of $12.75 billion, a PE ratio of 35.70, a P/E/G ratio of 4.33 and a beta of 1.46.

Kimco Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, June 6th. Kimco Realty’s dividend payout ratio is presently 181.13%.

Insider Buying and Selling at Kimco Realty

In other news, Director Frank Lourenso sold 8,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.42, for a total value of $172,643.80. Following the sale, the director now directly owns 203,534 shares in the company, valued at approximately $3,952,630.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

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

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.