Corient Private Wealth LLC Boosts Stake in Kimco Realty Corp (NYSE:KIM)

Corient Private Wealth LLC boosted its stake in shares of Kimco Realty Corp (NYSE:KIMFree Report) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,018 shares of the real estate investment trust’s stock after buying an additional 4,984 shares during the period. Corient Private Wealth LLC’s holdings in Kimco Realty were worth $1,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC increased its position 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 worth $4,406,000 after purchasing an additional 91,161 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Kimco Realty by 2.9% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 342,244 shares of the real estate investment trust’s stock worth $7,293,000 after purchasing an additional 9,500 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Kimco Realty during the fourth quarter worth $8,217,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Kimco Realty by 7.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 161,654 shares of the real estate investment trust’s stock worth $3,445,000 after purchasing an additional 10,917 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Kimco Realty by 5.3% during the fourth quarter. Swiss National Bank now owns 2,100,433 shares of the real estate investment trust’s stock worth $44,760,000 after purchasing an additional 106,567 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.

Kimco Realty Price Performance

Shares of KIM opened at $19.36 on Friday. The business’s 50-day moving average is $18.71 and its two-hundred day moving average is $19.63. The company has a market capitalization of $13.05 billion, a P/E ratio of 36.53, a P/E/G ratio of 3.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.86 and a current ratio of 1.86. Kimco Realty Corp has a fifty-two week low of $16.34 and a fifty-two week high of $22.83.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Thursday, June 6th. Kimco Realty’s dividend payout ratio (DPR) is presently 181.14%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America reaffirmed a “neutral” rating and set a $20.00 price target (down from $24.00) on shares of Kimco Realty in a research report on Friday, April 5th. Mizuho cut their target price on Kimco Realty from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Truist Financial cut their target price on Kimco Realty from $23.00 to $22.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. Citigroup reissued a “neutral” rating and issued a $20.00 target price (down from $26.00) on shares of Kimco Realty in a research report on Friday, March 22nd. Finally, Robert W. Baird cut their target price on Kimco Realty from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Kimco Realty currently has a consensus rating of “Hold” and a consensus target price of $21.52.

View Our Latest Research Report on Kimco Realty

Kimco Realty Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kimco Realty (NYSE:KIM)

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